How to Submit YouTube Tax Information in Google AdSense for Non-Us Creators (2024)

Summary

In this informative video, Victor Smith explains the crucial need for non-U.S. YouTube creators to submit their tax information to prevent hefty withholding taxes. Using his own earnings as an example, he illustrates how failing to provide this information could lead to a 30% tax deduction on total earnings rather than just U.S.-sourced income. Victor outlines a step-by-step process for completing the W-8BEN form through Google AdSense, emphasizing the importance of accuracy in submission. He encourages viewers to familiarize themselves with monetization to avoid issues and urges them to subscribe for more valuable insights.

Takeaways

• 😀 YouTube removes 30% of earnings for non-US creators who don't submit tax information.
• 📈 Providing tax info is crucial to minimize US tax withholding on earnings.
• 💰 In January, the speaker earned $290.60 but lost $49.53 due to tax withholding.
• ❓ Non-US creators must submit tax information to avoid excessive withholding.
• 📊 Only the income generated from a US audience is subject to the 30% tax.
• ✍️ The correct form for non-US individuals is the W-8BEN.
• 🏠 Fill out the form accurately, including your country of residence and address.
• 🚫 Some countries may not qualify for reduced tax rates under tax treaties.
• 🖊️ The final submission requires typing your full name as a signature.
• 👍 It’s essential to be monetized and have an AdSense account before submitting tax info.

Q & A

Why is it important for non-U.S. creators to submit their tax information on YouTube?

Submitting tax information is crucial for non-U.S. creators to avoid excessive tax withholding on their earnings from U.S. sources. Without this information, YouTube may withhold 30% of the entire earnings instead of only the portion generated from U.S. audiences.

What is the impact of not submitting tax information on earnings?

If tax information is not submitted, YouTube assumes the creator is a U.S. person and may withhold 30% from the total earnings. For instance, a creator who earned $290.60 could lose about $95 instead of $49 if they had submitted their tax info.

What steps must a creator take before submitting tax information?

Creators must first ensure their YouTube channel is monetized and have a linked Google AdSense account before they can submit tax information.

What should a creator do to access the tax information section in AdSense?

To access the tax information section, the creator needs to log in to their Google AdSense account and navigate to 'Manage tax info' on the dashboard.

What form do non-U.S. individuals need to fill out when submitting tax info?

Non-U.S. individuals need to fill out the W-8BEN form when submitting their tax information.

What does the W-8BEN form require from the user?

The W-8BEN form requires the user's name, country of residence, and optionally, their address. The creator must also provide a signature by typing their full name.

Can a creator claim a reduced tax rate under a tax treaty when submitting their W-8BEN form?

Yes, a creator can claim a reduced tax rate if a tax treaty is available between their country and the U.S. However, not all countries have such treaties.

What should a creator select if they have not received any payments from their AdSense account before?

If a creator has not received any payments from their AdSense account before, they should select the first option when prompted on the W-8BEN form.

What is a suggested course of action for creators who are not yet monetized?

Creators who are not yet monetized should watch videos that explain the monetization process to avoid potential issues and ensure their channel remains monetized.

Who is the presenter of the video, and what does he encourage viewers to do at the end?

The presenter of the video is Victor Smith. At the end, he encourages viewers to subscribe to his channel and like the video if they found the information informative.