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Over the next few weeks, you’ll be asked to submit your tax information in AdSense. Here’s what you need to do:
For individuals, this will mainly be the W-8BEN form, while companies will mainly use the W-8BEN-E form. Note: Even if you are paid by an MCN, you must still file your tax information.
How much you’ll be taxed depends on a few things:
Note: The tax withholding rates are 0-30% depending on your country.
If Google does not have tax forms from you by the time these changes go into effect, Google will be required by law to presume you’re a U.S. person. This means until Google has the complete tax info, they need to withhold up to 24% of your total earnings worldwide, not just your U.S. earnings.
Some countries have a tax treaty with the U.S. that can potentially reduce the tax withholding rate on your revenue. So, if you submit your tax info and claim a treaty benefit your tax rate might be reduced. For example, partners in the UK or Canada may be eligible for a rate of 0%, while partners in Mexico or Korea may be eligible for a tax rate of 10%.
The Multi-Channel Network (MCN) of Team5pm is one of the few resellers in the Netherlands that offers publishers and brands the opportunity to sell their own YouTube advertising space to advertising partners and thus increase their advertising revenue. For customers that are already connected to the Team5pm Network, everything has already been arranged, and for customers that are not connected yet, there is still the possibility to connect and benefit from the advantages that the network offers.
Want to know more about YouTube and what YouTube can mean for you as a brand? Download our free Whitepaper YouTube for Brands!