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Bangladesh recorded a sharp rise in remittance inflows in May, as migrant workers sent more money home in the run-up to Eid-ul-Azha, which falls in early June. Funds sent by migrant workers and ...

A new US tax on remittances, financial transfers sent home by foreign workers, is sparking concern in Africa. The tax, aimed at migrants, could significantly impact African economies, where ...

Once this bill is enacted, anyone who is not a US citizen and who remits money outside the country will have to pay a remittance tax of 5%. Lately, the US has emerged as the largest source country ...

Long-time US residents like Sreekar Reddy, who is originally from Nizamabad, feels that the remittance tax adds more ... a part of his compensation in the form of US stocks.

US citizens, however, would be exempt from the remittance tax. Trump has led a campaign to discourage immigration to the US and promote “mass deportation” during his second term in office ...

Ghana could see a surge in remittance flow before the United States implements its five per cent excise tax on remittance transfers in January 2026, according to PricewaterhouseCoopers (PwC). PwC ...

President Donald Trump's "big, beautiful" bill, about to face the Senate, entails a new 3.5% tax on remittance transfers from non-citizens, drawing widespread criticism for disproportionately ...

The provision is seen on page 326 of the 389-page document titled Remittance. According to cross-border investment experts, the bill is likely to gain immediate approval. The House of ...

Saurrav Sood, Practice Leader, International Tax & Transfer Pricing at SW India, said NRIs who are not US citizens will have to pay 5% remittance tax when they are sending payments to their home ...

What is the share of US in India’s remittances? What will be the impact of the remittance tax? The charts below explores these questions in detail. Unlock a world of Benefits with HT!