News

YouTube To Start Deducting Taxes From Non-US Content Creators

Published

4 years ago

March 17, 2021

youtube to start deducting taxes from non-us content creators

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.

Also Read: The First Space Hotel Is Set To Open In 2027

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.

News

Ripple Gains DFSA License To Offer Crypto Payments In Dubai

The company is now the first blockchain-powered payments provider licensed by the Dubai Financial Services Authority.

Published

3 days ago

March 13, 2025

Nour Nasir

ripple gains dfsa license to offer crypto payments in dubai

Dubai Media Office

Digital asset infrastructure provider Ripple has secured a license from the Dubai Financial Services Authority (DFSA) to become the first regulated crypto payment services provider within the Dubai International Finance Center (DIFC).

This milestone marks Ripple’s debut regulatory approval in the Middle East. With the new license, businesses in the UAE can now access Ripple’s enterprise-focused payment solutions, further solidifying the company’s reputation as a reliable partner for financial institutions looking to harness the potential of digital assets for real-world applications.

“We are entering an unprecedented period of growth for the crypto industry, driven by greater regulatory clarity around the world and increasing institutional adoption,” said Ripple CEO Brad Garlinghouse. “Thanks to its early leadership in creating a supportive environment for tech and crypto innovation, the UAE is exceptionally well-placed to benefit”.

Ripple has witnessed growing interest across the Middle East from both crypto-native businesses and traditional financial institutions, all eager to address the challenges of conventional cross-border payments — namely high fees, slow transaction times, and limited transparency.

His Excellency Arif Amiri, CEO of DIFC Authority, commented, “We are thrilled that Ripple is deepening their commitment to Dubai by securing a DFSA license that makes them the first blockchain-enabled payments provider in DIFC. This milestone not only highlights our commitment to fostering innovation but also opens the door for Ripple to tap into new growth opportunities across the region and beyond”.

Also Read: Vernewell UK: Forging The Future Of Intelligence, Quantum, And AI

With roughly 20% of Ripple’s global customer base operating in the region, regulatory approval further positions the platform for accelerated growth in a market that’s already highly receptive to crypto adoption. In fact, more than 80% of finance leaders in the MEA region have expressed strong confidence in integrating blockchain technology into their operations.

“Dubai and the broader UAE have established themselves as leaders in fostering a progressive and well-defined regulatory framework for digital assets,” said Reece Merrick, Ripple’s Managing Director for the Middle East and Africa. “Securing this DFSA license is a major milestone that will enable us to better serve the growing demand for faster, cheaper, and more transparent cross-border transactions in one of the world’s largest cross-border payments hubs”.

Ripple’s DFSA license is the latest addition in a comprehensive list of worldwide regulatory approvals, joining the company’s Major Payments Institution license from the Monetary Authority of Singapore (MAS), a Trust Charter from the New York Department of Financial Services (NYDFS), a Virtual Asset Service Provider (VASP) registration from the Central Bank of Ireland, and Money Transmitter Licenses (MTLs) across multiple U.S. states.