As if YouTubers from outside of the United States were not facing enough challenges as it is, they will soon have one more thing to worry about. That’s because YouTube has recently announced its decision to start deducing taxes from US earnings of all non-US content creators.
The video streaming platform says that it is required by Chapter 3 of the US Internal Revenue Code to collect tax information from all creators outside of the US.
“Over the next few weeks, we’ll be asking you to submit your tax info in AdSense to determine the correct amount of taxes to deduct, if any apply,” explained Google in an email sent to affected YouTubers. “If your tax info isn’t provided by May 31st, 2021, Google may be required to deduct up to 24 percent of your total earnings worldwide.”
In practice, this means that a content creator earning $1,000 from YouTube every month would lose $2,880 each year by choosing not to submit their tax information. If the same YouTube submitted their tax information, only their US earnings would be taxed, so the annual figure would most likely be significantly lower.
Calculating just how much lower it would really be is fairly easy:
- Log in to your YouTube account and go to YouTube Analytics > Advanced Mode.
- Select a date range in the top-right corner of the analytics page.
- Click the Geography button in the main menu bar and select the United States.
You should now be able to see how much of your total YouTube revenue will be subject to US taxes.
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YouTube gives content creators until May 31st, 2021 to submit their tax information, and the company is planning to start deducing taxes on US earnings as early as June. To avoid missing the deadline, you can update your AdSense account right now:
- Log in to your AdSense account.
- Navigate to Payments > Manage Settings.
- Click Manage Tax Info under United States tax info.
Samsung Galaxy Unpacked Event Will Take Place On August 11
In addition to 2 new foldable smartphones, you can also look forward to the Galaxy Watch 4 and the Galaxy Buds 2.
After several leaks, Samsung has officially confirmed the date and time when its upcoming Galaxy Unpacked event will take place: August 11, 2021 at 10 AM EST.
Besides the confirmation, Samsung has rewarded its fans for their patience by releasing an official trailer that hints at the products that will soon be revealed in their full glory.
“Change is the only constant in the world of innovation. By driving new ideas forward and transforming existing experiences, it redefines the boundaries of what’s possible,” the official press release says. “As the excitement for the upcoming Galaxy Unpacked on August 11 continues to build, Samsung Electronics has released a trailer teasing the surprises that lie in wait for Galaxy fans.”
The products teased by the trailer are the Galaxy Z Fold 3 and the Galaxy Z Flip 3 (check out the complete leaked Galaxy device lineup). Both are foldable smartphones, but each targets different customers.
The Galaxy Z Fold 3 folds along the vertical axis, and it’s expected to boast a huge 7.7-inch interior display and a smaller exterior display, giving users plenty of screen real estate for basic apps and multimedia alike. It could be Samsung’s first smartphone with an under-display camera, and it will certainly be powered by Qualcomm’s top-of-the-line processor.
As the name suggests, the Galaxy Z Flip 3 folds along the horizontal axis, allowing it to comfortably hide even inside the tiny pockets so many women’s pants come with. Just like its larger relative, it will come with flagship specifications, so playing the latest games or taking beautiful pictures at night shouldn’t be a problem.
In addition to the two foldable smartphones, you can also look forward to the Galaxy Watch 4 and the Galaxy Buds 2.
How To Watch The Samsung Galaxy Unpacked Event
The Samsung Galaxy Unpacked event will be accessible only to online viewers, and you’ll be able to tune it either directly from Samsung.com or on YouTube.