Google has recently released Google AdSense Update 2021. As per the latest change in Google AdSense policies creators must update US tax information. This is important because it is linked with finance. If you do not comply with the requirement, you will end up paying higher tax rates. All the money you generate via YouTube Channel is processed via Google AdSense account. As per the new policy – all the YouTube creators and partners are required to submit tax information to ensure any applicable taxes on your payments are accurate. This may impact your final payment from YouTube. Therefore, you must submit this information before the deadline.
Why Google AdSense update it is important
Google Ads work on a pay per click model. If you have a partner website your revenue can take a hit. Due to this you must make all necessary changes to the account.
Highlights of Google AdSense Update 2021
- You can also read the notification about this Google AdSense update on top of your account.
- All YouTube creators must complete this form.
- If there is a due payment in the current month, do this before 20th. Therefore, you should do it on time.
- You can choose not to update this. In this case you will also have to bear US taxes. The current tax rate is 24% for YouTube creators.
How to submit tax information in Google AdSense
First of all you need to login to your AdSense account.
The next step is to click on the Payments button from the left sidebar. After this you will see a page with a “Manage Settings” button.
Now you need to click on the “Manage Settings” button. To complete the process of Google AdSense update you should do everything carefully. Once you click on this button, a new web page will open with the “Payments Account” title.
This is the main update. Here you need to click on the ‘Edit’ or ‘Pencil’ icon after “United States Tax Info”.
As soon as you click on the button “Manage Tax Info” Page will open. Now it is time to start working on Google AdSense update. Complete the form step by step and submit at the end.
The form is about taking information from creators to comply with US tax policies. Therefore, it is a mandatory form.
Frequently Asked Questions
Here is a list of questions you will have in your mind during the form submitting process on Google AdSense.
What if I do not want to add Tax information in Google?
This is a mandatory requirement by the company so you cannot skip that.
What is TIN in Google AdSense update 2021?
TIN in Google AdSense stands for Tax Identification Number. In the case of India it is the PAN or permanent account number. Company and individual both can have a PAN number. You can also cross check this information on NSDL’s website.
What is an entity?
Entity is nothing but company. If you are doing business then mention the entity name while completing the form. Make sure every information is correct to comply with this Google AdSense update.