President Donald Trump’s “One Big Beautiful Bill” includes a 3.5 per cent excise tax on remittances sent abroad by non-US ...

Donald Trump’s “One Big Beautiful Bill”, which was recently passed by the US House of Representatives, could have significant ...

A new US bill proposes a 5% tax on money sent from the US to other countries. This targets non-citizens and foreign nationals. It could impact countries like El Salvador, Honduras, and Guatemala.

The proposed US remittance tax, the Saltillo-Nuevo Laredo railroad and a recent highway robbery were topics at Sheinbaum's Thursday presser.

An American proposal to tax money sent abroad by non-US citizens is raising concerns in India. If passed, this 5% tax on remittances could significantly impact Indian households and the country's ...

A new US bill, 'The One Big Beautiful Bill,' proposes 5% tax on remittances from non-US citizens. This impacts Indian H-1B, L-1, and green card holders sending money to India. The tax could cost ...

A new Republican tax proposal has sparked alarm ... Until now, such transfers were untaxed. India, which receives an estimated $83 billion in remittances annually — much of it from the US ...

The broader bill aims to make the 2017 Tax Cuts and Jobs Act permanent while increasing the standard deduction and extending the child tax credit to $2,500 through 2028 (Reuters) A new tax ...

It's possible that Remitly could be involved in facilitating the payment of such a tax as well. Additionally, 5% is a relatively modest rate and may not do much to change remittance behavior .

[1] US is likely to apply 5% for remittances for NRIs. This means that NRIs sitting in US, if they send money abroad, will pay an additional 5% tax. [2] India already has a TCS of 20% for Indian R ...