YouTube to collect tax from content creators

Kenyan YouTube content creators are expected to submit their tax information to the video-sharing platform by March 31 in order to avoid a hefty 24 per cent taxation on their earnings. In a new requirement, the Google-owned service will require content creators to pay tax to the United States. YouTube wrote a statement to creators, informing them of the condition that is set to begin in June. “We are reaching out because Google will be required to deduct US taxes from payments to creators outside the US later this year. Over the next few weeks, we will be asking you to submit your tax info in AdSense to determine the correct amount of taxes to deduct, if any apply,” read the message by YouTube.Read More  1 Why Eric is in trouble over ‘Wife Material’  2 Facebook, Google fight bill that would help US news industry  3 Why Eric Omondi was trending on twitter this morning  4 Eric Omondi arrested over ‘Wife Material’ YouTube creators monetise their posts through the AdSense service, which allows them to collect a percentage of advertisement revenue from their videos.  “Google has a responsibility under Chapter 3 of the US Internal Revenue Code to collect tax info from all monetising…
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