Nigerian content creators on YouTube
will start paying tax in a matter of few
months .
According to YouTube, the taxes will be
deducted from creators outside of the
United States on the earnings they
generate from viewers in the US.
The company said in an email to
creators that the additional tax may
come into effect from June 2021.
YouTube also asked creators to submit
their tax information in AdSense “ to
determine the correct amount of taxes
to deduct ” .
“ If your tax info isn ’ t provided by May
31 st, 2021, Google may be required to
deduct up to 24 per cent of your total
earnings worldwide , ” the email read .➫
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On a support page, the company stated
that upon submission of US tax info,
withholding rates would be between
zero per cent and 30 per cent on
earnings generated from viewers in the
US and also depended on whether the
creator ’ s country had a tax treaty
relationship with the US.
YouTube said its parent company
Google had the responsibility under
Chapter three of the US Internal
Revenue Code to collect tax
information, withhold taxes , and report
to the Internal Revenue Service when a
creator earned royalty revenue from
viewers in the US.
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