India’s GST law requires firms to pay tax earlier of invoicing or payment received, but the general practice is to clear dues ...

Governments have spent decades trying to stamp out informal money transfers. This will push payments back underground.

India's digital rupee goes global with cross-border pilots after 334% growth, yet faces adoption challenges domestically.

The U.S. House has passed a 3.5% remittance tax on funds sent home by immigrants, sparking concerns over economic impact in ...

Under the proposed Trump law, H1B and Green Card holders' remittances would face a 5% tax, increasing the cost of NRI real estate investments in India Amid global uncertainty driven by conflicts ...

A proposed 5 per cent US tax on remittances sent abroad by non-citizens is raising alarm in India as it may hit Indian households and the rupee, economic think tank Global Trade Research ...

Trump remittance tax: India could potentially lose up to $18 billion dollars annually in foreign remittances if US President Donald Trump’s proposed 5% remittance tax law comes into effect in ...

Trump's new tax proposal has triggered alarm across the globe, particularly in India, which has been one of the biggest beneficiaries of the US remittances. US President Donald Trump's decision to ...

A proposed 5% U.S. tax on remittances sent abroad by non-citizens is raising alarm in India as it may hit Indian households and the rupee, economic think tank GTRI said on Sunday (May 18 ...

A 5 percent tax on $32.9 billion would amount to $1.64 billion. The Reserve Bank of India article said the cost of a remittance transaction includes two elements –- the fees charged at any stage ...

If the USA imposes the proposed remittance tax, it could have a significant impact on India. According to the Reserve Bank of India (RBI), in the financial year 2023-24, India received 118.7 ...