Unlike the previous decade, making money online has become much easier these days. You can start a blog and monetize or post videos on YouTube to earn Honduras WhatsApp Number List money through AdSense. However, paying income tax is still a gray area when it comes to online income. Although the payment of taxes depends on the regulations of your country, you must submit tax information in the AdSense account. In this article, we will explain how to fill in the tax information in the AdSense account. Related: How to Complete the Affiliate Tax Form in Bluehost for Non-US Residents? Why should you submit tax information? First, there is no need to submit tax information for all AdSense account holders. You will receive an email or see a warning message in your AdSense account if you need to submit the details.
Tax Information in Adsense
In this article, we only cover filing tax information for non-US citizens. Google will use this information to decide how much to withhold at checkout. This basically means the following: Your payout country in your AdSense account is outside of the United States. Check the tax treaty between the United States and your country to request an exception to withholding tax. Tax information should be submitted by the payee in the AdSense account, not the account holder. Now, it will be a blow to the income of many AdSense account holders that you have to pay taxes for YouTube and blog monetization. However, you should carefully check the tax treaty to claim the deductions.
For example, if you have an Indian AdSense account, you can reduce the tax from 30% to 0% for AdSense and 15% for YouTube. How do I submit tax information in an AdSense account? When you see a warning message in your account, click on the “Manage tax information” link. This will take you to the “Payments” section and click on the “Add tax information” button. Before going any further, you need to provide some details by answering the following three simple questions: What type of account? – select an individual account holder or a company. We will explain the process for the individual account holder in this article. Are you a citizen or resident of the United States? – select “No”. Select W-8 tax form type – choose W-8BEN which applies to individuals.