How to Submit Tax Information Form in Google AdSense for YouTube
March 9 proved to be a black day for YouTubers because on this day Google told bad news to YouTubers. From now on, every Indian YouTuber will have to pay tax for earning on AdSense in the US. That is, if someone’s channel gets views from the US, then he gets 15% to 24% of the earnings on those views in the form of tax to have to give. This is the topic we will discuss here today “How to Submit Tax Information Form in Google AdSense”
If there are any YouTubers who fill their tax information on Google Adsense, then they will have to pay 15%. And if they do not fill it, they will have to pay 24% of the entire earnings as tax. Such as if you have the tax information and you do not know, how to fill in Tax Information in Google AdSense?. Then you will get complete information here.
How to Submit Tax Information in Google Adsense?
If you are a YouTuber and have monetization enabled on your channel. Then you have got a notification about it on the channel as well as information about YouTube’s new tax on mail and Adsense. If you want to fill in your tax information so that you can get 24% Instead of 15% tax has to be paid.
That is, if you have $100 earned from the US on your channel and you do not give tax information, then you will have to pay $ 24 as tax. And if you give tax information, then you will have to pay 15% of the earning from US viewers in tax. And the remaining 85% will be found in your account. In such a situation, you can save a lot of tax by giving information about tax.
In such a situation, if you have to pay tax, then follow the guide given here.
Submit Tax Information Form Step by Step
Step 1. In Google Adsense, you must have got the notification in advance. By clicking on that notification directly or by going to the payment option. And here the button of Add Tax info will be visible. From this, the process of submitting your tax information will start and you click on the button.
Step 2. As you click on the button, you will have to log in with the Gmail from which you have your AdSense account. So that the process of filling the form of Tax Information can be started.
Step 3. Now the process of the US Tax information form will start in front of you. First of all, you have to select which type of Adsense account is. i.e. Individual or Non-Individual. If you take Adsense income directly in your personal saving bank account then your account will be individual. And if you have registered any business and take Adsense income in its account then it will be a Non-Individual account.
After selecting the account (Individual or Non-Individual), click on the Next button.
Step 4. Now a question will ask you whether you are a US citizen. Then you have to select No here. And then you have to go to the next step by selecting W-8BEN in the form type.
Step 5. Now the W-8 BEN form will open in front of you, where you have to give information about your Name, and Citizenship (Select India from the list).
Then you get the taxpayer identification number, which is called TIN. But in India, we know it as PAN. So you have to give your PAN number here in Foreign TIN and then click on the Next button.
Step 6. In the next option, you have to fill in your address details.
Step 7. Now here you will be asked about the tax treaty. You have to select the country name by selecting YES here.
And click on the checkbox given here in front of Adsense, Motion Picture & TV, and Other Copyright, if you do not understand, then see this guide.
Step 8. Here you can preview all the information that you have filled in the form to see whether it is correct or not. If there is any mistake then you can rectify it before final submission and if everything is correct then next Click on the button.
Step 9. Now you have to enter/put your name and then select the first option and click on the Next button.
Step 10. Here you will get two options.
- Have you provided any services in the US? So you have to fill No in it, if given then you can fill Yes.
- There are two options in this if you have never taken money in the bank from AdSense before, then select the first option, and if you have then selected the second option.
Step 11. As soon as you submit the form, a page of yours will open and the mark of approval will be shown. You have to pay attention to one thing, this form has to be filled before their deadline.
In this way, you can fill the Google AdSense tax form and Submit Tax Information Form in Google AdSense for youtube and save your earnings from going to tax. As we told you to have to submit the form before their deadline, if not, then you will have to pay 24% tax.
Some Questions & Answers Related to This Topic
Q1. Do I have to fill out this form if my YouTube channel is not monetized?
No, this form can be filled only by those people whose channel is already monetized and this option will be visible only to these people.
Q2. Those whose income comes only from blogging, will also have to pay tax?
No, people who make income only from blogging do not need to pay tax. For this AdSense charges 0% Tax from Blogger.
Q3. Will tax have to be paid separately?
No, whatever tax has been fixed will be deducted from the source i.e. automatic tax will be deducted from AdSense and then money will come in your bank.
Q4. What will happen if you do not fill this Google Adsense Tax Form?
If you do not fill the form then Google will take 24% tax from your total Youtube income. Which will cause you a huge loss!