remittance tax

Big remittance cheer for NRIs! US Senate draft of Donald Trump’s ‘One Big Beautiful Bill’ reduces remittance tax to 1% from 3.5%; details here

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The final draft of the ‘One Big Beautiful Bill Act’ proposes a lower 1% tax on remittances. An earlier version suggested 3.5%. The United States ...

Remittances tax: How Donald Trump’s ‘The One Big Beautiful Bill’ may turn out to be ugly for Indians in the US

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A proposed US bill, dubbed ‘The One Big Beautiful Bill,’ could impose a 3.5% remittance tax on money transfers from the US to India by ...