How to withdraw video account commission? How much tax will be deducted on cash withdrawal?

The creators of video accounts have attracted much attention, but they are struggling to figure out how to withdraw cash. Want to know how to withdraw your video account? Don't worry! PHP editor Baicao provides you with a detailed guide to help you solve this problem easily. Continue reading this article to master the video account withdrawal techniques and make your creative income easily monetized!

1. How to withdraw the video account commission?

1. Set up a withdrawal account: Before making a withdrawal, you must first set up your withdrawal account. Usually, short video platforms will support multiple withdrawal methods, such as bank cards, Alipay and WeChat wallets. Users only need to fill in the corresponding account information in accordance with the platform requirements to complete the setup.

Meet the withdrawal conditions: Different short video platforms may have different conditions for commission withdrawals, but generally speaking, users need to reach a certain withdrawal threshold before they can withdraw. This threshold is usually determined based on the user's account balance or total earnings. Therefore, you can only initiate a withdrawal request when your account balance reaches a certain amount.

3. Apply for withdrawal: Once the withdrawal conditions are met, the user can initiate a withdrawal application. Normally, short video platforms will provide corresponding withdrawal functions. Users only need to click the corresponding button and fill in relevant information, such as the amount of withdrawal, and then submit the application.

4. Waiting for review and payment: Generally speaking, the platform will review the user's withdrawal application to ensure that the application complies with relevant regulations. After passing the review, the commission will be transferred to the withdrawal account set by the user. The specific arrival time may vary, but generally it will arrive within a few working days.

2. How much tax will be deducted when withdrawing video account?

1. According to the provisions of Chinese tax laws, individuals need to pay taxes according to the comprehensive income tax system for income obtained from Internet platforms. The specific tax rate will be determined based on the individual's income level. If the tax rate is higher, you may need to pay higher taxes.

2. According to Article 73 of the "Individual Income Tax Law of the People's Republic of China", individuals can enjoy a certain tax exemption amount. Currently, China’s tax-free limit is 5,000 yuan per month. If an individual's income is below the tax-free limit, he or she does not need to pay personal income tax.

The process of withdrawing video account commissions is relatively simple. Users only need to set up a withdrawal account in accordance with the requirements of the platform and meet the corresponding withdrawal conditions, and then they can withdraw money smoothly. At the same time, users also need to pay attention to the payment of personal income tax during the withdrawal process to ensure that they comply with relevant regulations.

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