According to the Youtube new update 2021 which is related to the Upcoming tax changes to YouTube earnings 2021. You will pay 24% youtube payment tax if you will not fill the form created by youtube until the last date. Youtube policy 2021 related to the tax is very crucial for youtube creators.
Here is the screenshot is attached email from youtube. You can read it.
Youtube New Update 2021
We’re reaching out because Google will be required to deduct US taxes from payments to creators outside the US later this year (as early as June 2021). 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. If your tax info isn’t provided by 31 May 2021, Google may be required to deduct up to 24% of your total earnings worldwide.
Youtube 24 Percent tax policy:
According to youtube, you need to fill the form before 31 May 2021, otherwise, you will pay 24 percent youtube tax. If you fill the form then youtube will decide about your tax.
Upcoming tax changes to YouTube earnings 2021