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YouTube enables content creators to earn money from Shorts

youtube-shorts
youtube-shorts

YouTube monetization feature is now open for all creators, including those who post TikTok-style short videos, to help them build a business while connecting with their audiences.

In the latest move to empower all contributors, the leading video-sharing platform has updated the terms of its Partner Program to allow people to earn revenue with Shorts.

Google-owned platform make changes after stepping into the multiformat league, following the footsteps of other platforms – which amassed huge followings. Earlier, only longer videos were monetized by YouTube.

In the latest announcement, the company mentioned starting ad revenue for Shorts creators from February 1. The video site, which amassed 34 billion viewers last month, is starting to roll out new terms for all creators in the YouTube Partner Program.

It sent updated terms to creators, allowing them time till July 10 to accept and become part of the program.

Last year in September, YouTube announced enabling creators to generate revenue from Shorts.

It further announced that the new revenue-sharing model will replace the YouTube Shorts Fund. Video makers, who are willing to garner funds, can apply to the program if they meet basic requirements which need creators to have 1,000 subscribers and 10 million Shorts views over 3 months period.

With the latest step to enable creators, Shorts is likely to become generate new users who shared more content on TikTok.

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Google imposes 24pc tax on all YouTube content creators outside US

Google imposes 24pc tax on all YouTube content creators outside US
Google imposes 24pc tax on all YouTube content creators outside US

CALIFORNIA – In the recent announcement from tech giant Google, YouTube content creators outside all countries of the world, except US-based, will be subject to 24 percent of tax from their monthly earnings.

The following rule will come into effect from June 2021. In an email to all YouTubers, Google said that additional tax for non-US-based creators is going to be levied on them as early as June 2021.

The mail further stated that ‘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. 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’.

Different factors will decide the amount of the tax however it is expected to be up to 24 percent of the total if any YouTuber does not submit info.

The announcement further added that if the creator submits all tax information, then the final tax deduction will be $15. Adding that, if a creator submits all info but it is not eligible for a tax treaty benefit, then the final tax deduction will be $30.