Google will discount the share of youtubers’ earnings outside the United States by June 2021, affecting the Brazilian manufacturer as well. The measure will be adopted to comply with a determination by the Internal Revenue Service (IRS), the U.S. equivalent of the Federal Revenue Service. Therefore, YouTube channels are referred to the U.S. Will have to pay up to 30% of the revenue received from users.
This includes advertising views, YouTube premium, super chat, super stickers and income from Claus dos Canais. The us Calculations of revenue earned by content creators from outside users will not be considered.
YouTube channel owners must submit tax information through AdSense 31 May, 2021. The data will be used to check if there is a tax withheld and what amount will be exempt. If the process is completed on time, a discount of up to 30% will only be an advantage in the account with users in the United States.
On the other hand, if the information is not presented by the content creators, the exemption will be much higher. This is because the calculation assumes 24% of the channel’s revenue worldwide, not just the US region.
In summary, the U.S. Taxation of YouTube revenue with users in the following three scenarios will follow:
- 15% on earnings in USA: Producers who provided data and are in countries with tax agreements with the US;
- 30% on US earnings: The creators who provided the data and are in countries without a tax agreement with the United States – this is the case in Brazil;
- 24% on worldwide earnings: Producers who did not provide data until May 31, 2021.
How to send tax information to Google
Data can be sent using a form in AdSense. To access it, just follow these steps:
- Click payment;
- Click Manage Settings;
- Click Payment profile;
- Then click Edit (Pencil icon) next to United States tax information;
- Finally, choose Manage tax information.
When filling out the form, Google will indicate whether the U.S. In option United States Tax Information, AdSense displays discounts that can be applied to your payments.
Tax information has to be submitted every three years. Google states that the measure was adopted to comply with the IRS code, which obliges the company to access YouTuber’s tax data outside the United States to exempt taxes from users in the country who have received money. . The company promises to change its terms of service soon to indicate the possibility of charging.
With information: Google.