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 ...

US remittance tax, India remittances, cross-border taxation, double taxation, current account impact, H-1B visa, Green Card, ...

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 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.

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 ...

The tax department has access to all the ... growth rate has been achieved with growing digital payment transactions. Retailers in India have been exhorted to recognise different opportunities ...

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 ...

However, a tax credit could be available against this deducted tax. India is the largest recipient of remittances in the world with a total inflow of $118.7 billion in FY24 and as per reports this ...