Technology

YouTuber Vietnam is buzzing about the 30% tax withholding announcement from Google


12/03/2021 09:59 GMT + 7

On the morning of March 11, the Vietnamese YouTube community suddenly shared an email from Google about the request for a tax return in the US, which could be withheld up to 30%.

In emails sent to content creators monetizing advertising platforms such as AdSense or AdMob, the search giant Google said that mandatory tax deductions will be made starting June 2021.

Accordingly, all YouTube content creators who have monetization enabled will have to report tax to Google by May 31, irrespective of geographical location. Past this time limit, the person who does not report will be deducted up to 24% of gross income.

“Under Chapter 3 of the US Internal Revenue Code, Google is responsible for collecting tax information, withholding tax, and reporting to the US Internal Revenue Service (IRS) when creators join the YouTube Partner Program (YPP). ) earn revenue in the form of royalty fees from viewers in the United States. If you earn income from viewers in the United States, Google may initiate withholding (also known as withholding) as early as June 2021, ”says Google’s notice.

An independent YouTuber self-reports tax on his own operations

Except for the big channels that have joined the Multi-Channel Network, this announcement of Google immediately caused the rest of the Vietnamese YouTube community to stir. On group associations, many members are confused when they do not know how to report. Some are quick to share the secret of tax declaration, which only takes 0% of the total revenue.

However, according to Mr. Doan Nam, the group manager of Sharing his YouTube experience with more than 50,000 members, this change has no impact on Vietnamese people living in Vietnam and has a YouTube channel that enjoys advertising income. reports from source view Vietnam or other countries, except the United States.

Specifically, the affected people will be the Vietnamese group living in Vietnam and have a YouTube channel that enjoys advertising income from the US view source (deduct 30% of the total advertising income in the United States). Vietnam is living and working in other countries that have tax agreements with the United States (for example India) and have a YouTube channel that enjoys advertising income from the US view source (deduct 15% of total advertising income. foxes in the US) and Vietnamese living in the United States.

In the absence of information, Google will by default deduct 24% of the total world income, regardless of whether the source of the view comes from the US or not.

Meanwhile, Vietnamese MCNs like Metub, POPS, Yeah1 or Dien Quan … all have specific instructions to each YouTuber.

Phuong Nguyen

France and Spain collect digital taxes, Google will increase advertising fees

France and Spain collect digital taxes, Google will increase advertising fees

Google said that the increase in advertising fees is to “partially offset the cost of complying with the digital services tax in France and Spain”.

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