Proposed U.S. legislation reduces remittance tax to 1% for NRIs, excludes bank transfers, a relief for Indian community.

Call the remittance tax a tax on the return of Mexicans to Mexico.

What the bill does not clarify is the definition of ‘sender’ for the purpose of this proposed Remittance Transfer excise tax. Though the anti-conduit rules have been extended to remittance transfers, ...

One Inc, the leading digital payments network for the insurance industry, today announced the launch of its advanced 835 Electronic Remittance Advice (ERA) solution, fully integrated into the ...

Remittance tax fallout: Should NRIs pull money out of US The proposed policy could massively affect the 2.9 million Indian immigrants currently living in the U.S. (as of 2023), who make up around ...

The 3.5% remittance excise tax has the potential to have a big effect on India if it is implemented. In a huge comfort for the majority of NRIs in the US, the tax on remittances established by US ...

Remittance is a vital component of Bangladesh's economic strategy, serving as a catalyst for economic growth, poverty reduction, investment, and human capital development. We must fully harness the ...

US President Donald Trump’s proposed One Big Beautiful Bill Act includes a provision for a 5% tax on remittances sent abroad, which would affect NRIs who are not US citizens, significantly ...

Money sent home by Filipinos abroad posted the softest growth in nine months in March, as the US trade war affected remittance behavior.

Money sent home by overseas Filipino workers reached its lowest level in nine months in February, reflecting a post-holiday slowdown and external headwinds, according to the Bangko Sentral ng ...

Remittances to Bangladesh are on course to surpass US$3 billion this March, a monthly record, in a boost for the interim government as it struggles to stabilise the economy, replenish foreign ...

In a Facebook post, Enrile said Congress might retaliate by canceling or suspending the tax privileges of OFWs who would take part in the “zero remittance week” from March 28 to April 4.