return icon Vietnamnet.vn

Vietnamese YouTubers in tumult about Google’s notice about 30% withholding tax

Vietnamese YouTube content creators are unhappy about an announcement from Google about a deduction of up to 30 percent from their earnings from the platform.

 

YouTuber Việt Nam xôn xao về thông báo khấu lưu thuế 30% từ Google

 

On March 11, the Vietnamese YouTuber community shared the email from Google. Content producers on YouTube who are not based in the US will be subject to a withholding tax from their monthly earnings of up to 30 percent. This will be implemented from early June 2021.

All YouTube content creators using monetization will have to declare tax to Google prior to May 31, or they will see their earnings deducted by 24 percent.

Google cited Chapter 3 of the United States Internal Revenue Code as saying that Google has the responsibility of collecting tax information, withholding tax, and reporting to the Internal Revenue Service (IRS) when creators join the YPP (YouTube Partner Program) and earn revenue in the form of royalty fees from viewers in the US.

The announcement from Google has caused a tumult among the Vietnamese YouTuber community, except the large channels joining the Multi-Channel Network. Many YouTubers have complained on forums that they don’t know how to declare tax. Others have shared tricks for tax declaration which could help them avoid tax.

Meanwhile, Doan Nam, the administrator of a group on sharing experiences in creating YouTube content with more than 50,000 members, said the new policy won’t affect Vietnamese people living in Vietnam and those having YouTube channels with ad income from views in Vietnam and non-US countries.

The YouTubers affected by the new policy will be Vietnamese living in Vietnam that have YouTube channels with views in the US; Vietnamese YouTubers living and working in other countries which have taxation agreements with the US (India, for example) with YouTube channels that get ad revenue from US views; and Vietnamese people living in the US.

If YouTubers don’t declare information, Google will automatically deduct 24 percent of total revenue worldwide.

"All monetizing creators on YouTube, regardless of their location in the world, are required to provide tax info. Please submit your tax info as soon as possible. If your tax info isn’t provided by May 31, 2021, Google may be required to deduct up to 24 percent of your total earnings worldwide,” the notice from Google reads.

Vietnam’s MCNs such as Metub, POPS, Yeah1 and Dien Quan all have given detailed instructions to all YouTubers.

YouTube content production has become a hot job in Vietnam, as it can bring a very high income.

Phuong Nguyen

Facebook, Google, YouTube likely obliged to pay taxes in Vietnam

Facebook, Google, YouTube likely obliged to pay taxes in Vietnam

Foreign tech giants like Facebook, Google, and YouTube will have to pay taxes in Vietnam under a draft circular, after years of invoicing their revenues out of the country.

 

MORE NEWS

Use of e-cigarettes by youth rockets with easy availability at shops

Many students and young people have been hospitalized in a deep coma after using e-cigarettes, which are easy to buy.

How will telecom carriers fare in a highly competitive market?

The traditional telecom market is getting saturated and facing upheavals, including a drop in revenue from traditional calls and SMS, a tighter management policy and changes in technology.

Number of international visitors to Vietnam sets 'record' after pandemic

Vietnam welcomed 2.95 million foreign visitors in January-November 2022, 21.1 times up year on year, but still down 81.9% compared with pre-pandemic levels in 2019.

Su-30MK2, Mi helicopters rehearse in Hanoi

On December 2, Su-30MK2 fighters performed in a rehearsal to prepare for the upcoming Vietnam International Defense Exhibition 2022.

Vietnam sends condolences over passing of former Chinese leader Jiang Zemin

Vietnamese leaders on December 2 cabled messages of condolences to Chinese leaders over the death of former General Secretary of the Communist Party of China (CPC) Central Committee and former President of China Jiang Zemin.

Ministry proposes canceling funding plans over disbursement delays

Disbursements of public funds sourced from foreign loans in the year through November had moved at a snail’s pace, reaching only slightly more than 25% of the full-year plan.

Hanoi to pilot bike rental service in six urban districts

Hanoi has approved a year-long pilot bike rental service programme in Hoan Kiem, Tay Ho, Dong Da, Ba Dinh, Hai Ba Trung, and Thanh Xuan districts.

Weightlifters hope for Olympic qualification from world championship

It was scheduled to be held in Chongqing, China, but this changed in March due to COVID-19 measures in China. The new location was announced in April.

Striker Nguyen Van Quyet named best player of 2022 V.League 1

Striker Nguyen Van Quyet received a statue for the most valuable player of the 2022 V.League 1 season at a V.League Awards ceremony organised on December 1 in Hanoi.

Meteor shower to light up Vietnamese skies on December 13

Local sky gazers will have a rare opportunity to witness the peak of the Geminids meteor shower, with the astronomical event set to occur between midnight on December 13 and the morning of December 14.

Da Nang wins Best Vietnam Smart City Award for third time

The central city of Da Nang has been granted the Best Vietnam Smart City Award 2022, the third time so far.

Newly-established, re-operating enterprises up over 33% in 11 months

Vietnam saw nearly 194,700 newly established and re-operating enterprises in the first 11 months of 2022, up 33.2% over the same period in 2021, a 1.3 times higher than the average rate in January – November period from 2017 - 2021.

Politburo members discuss review of resolution on HCM City development

Party General Secretary Nguyen Phu Trong on December 2 chaired a Politburo meeting on a project to review the 10-year implementation of a resolution on the orientations and tasks for the development of HCMC until 2020 and 2030, with a vision to 2050.

Exporters face tax unless they cut greenhouse gas emissions

Exports to the EU market will become more expensive unless enterprises implement greenhouse gas emission cuts. This will affect the competitiveness of many Vietnamese export companies.

Some of the best fishing lakes in and around Hanoi

Here are some of the most popular fishing lakes near Hanoi. On weekends, the number of people flocking to commercial centres, pedestrian streets or entertainment areas in the inner city of Hanoi has increased.
back_to_top