- Aug 31, 2021
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How are the taxes calculated on YouTube income in your country? Recently, in India, there were changes on how gifts received by youtubers from sponsors are treated for taxes.
YouTube income is just like other income so taxes will be there. But some countries have additional taxes.I just found out that they also pay taxes
It doesn't.so I think it automatically pays tax from my side
YouTube pays you through PayPal ? Which country has this option ?My paypal takes a part of what I receive, other than that I dont pay taxes on my income. I don't have enough income so I am good. I receive my most income through Paypal so I think it automatically pays tax from my side. That's what I assume.
Forming a company for small YouTube channel might have maintenance costs higher than revenue in some countries.Around 40%. Same like a business. I've heard you can make an LLC though and maybe get taxed at only 24% but I'm not sure.