So far, the price hikes are being reported in multiple regions, including parts of Europe, the Middle East, and South America, according to the website Android Authority.

The price increases will have an effect on both individual and family plans. In certain EU countries, users have complained that family plans will soon rise from €17.99 to €25.99 (or €11.99 to €13.99 for YouTube Premium individuals) from November 7th. Similar increases are being reported in places like Singapore, Colombia, and Saudi Arabia.

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The price increases will be familiar to US users, who have already experienced similar rises. YouTube’s individual Premium plans went from $11.99 to $13.99 in the US several months after the video platform raised its family plan subscription from $17.99 to $22.99. Other streaming services have also bumped up their prices in the last few months, including Disney Plus, Max, and Paramount Plus.

The post YouTube Premium Is Getting A Price Hike Around The Globe appeared first on Tech Magazine.

The video streaming platform says that it is required by Chapter 3 of the US Internal Revenue Code to collect tax information from all creators outside of the US.

“Over the next few weeks, we’ll be asking you to submit your tax info in AdSense to determine the correct amount of taxes to deduct, if any apply,” explained Google in an email sent to affected YouTubers. “If your tax info isn’t provided by May 31st, 2021, Google may be required to deduct up to 24 percent of your total earnings worldwide.”

In practice, this means that a content creator earning $1,000 from YouTube every month would lose $2,880 each year by choosing not to submit their tax information. If the same YouTube submitted their tax information, only their US earnings would be taxed, so the annual figure would most likely be significantly lower.

Calculating just how much lower it would really be is fairly easy:

1. Log in to your YouTube account and go to YouTube Analytics > Advanced Mode.
2. Select a date range in the top-right corner of the analytics page.
3. Click the Geography button in the main menu bar and select the United States.

You should now be able to see how much of your total YouTube revenue will be subject to US taxes.

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YouTube gives content creators until May 31st, 2021 to submit their tax information, and the company is planning to start deducing taxes on US earnings as early as June. To avoid missing the deadline, you can update your AdSense account right now:

1. Log in to your AdSense account.
2. Navigate to Payments > Manage Settings.
3. Click Manage Tax Info under United States tax info.

The post YouTube To Start Deducting Taxes From Non-US Content Creators appeared first on Tech Magazine.