Being a content creator in Egypt will now be accompanied by the responsibility of paying taxes every year.
Through the country’s tax authority, the government asked YouTubers and bloggers, to register and declare their annual income.
According to Mohamed al-Gayyar, a senior tax authority official, “Anyone who makes a profit in Egypt must be fairly taxed whatever their field of work is.”
The tax plan targets content creators earning more than 500,000 Egyptian pounds ($32,000; £23,000) every year.
The move has sparked some positive responses as some people argued that the rich should be taxed just as the regular ‘mama mboga’ does.
However, some individuals have strongly disapproved of the tax plan terming the internet cost as high.
YouTube as a platform uniquely empowers creators to earn money directly in various ways such as placed advertising, merchandise sales, and subscriptions.
For individuals to apply for membership in YouTube Partner Program (YPP), their channels must meet eligibility thresholds regarding watch time and subscribers.
These policies apply to a channel as a whole and not just individual videos.
Following an application, the review team ensures the channel has not run afoul of YouTube’s monetization, content, and copyright policies.
Afterwards, only channels meeting the protocols are admitted to the program, making them eligible for ads and other monetization products.
By Everlyne Bosibori
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