A new US tax on remittances, financial transfers sent home by foreign workers, is sparking concern in Africa. The tax, aimed ...

President Donald Trump’s “One Big Beautiful Bill” includes a 3.5 per cent excise tax on remittances sent abroad by non-US ...

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

(AFP) The Trump administration is planning to impose a 5 percent tax on outward remittances ... “The share of the US in India’s total remittances remained largest, rising to 27.7 percent ...

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 ...

US President Donald Trump's “One Big Beautiful Bill Act,” aimed at offering tax breaks ... nations to become the top source of remittances to India. According to the RBI's 6th Round of ...

BENGALURU: US President Donald Trump's 'One Big Beautiful Bill' proposes a 5% tax on remittances, which tax experts say may have a significant impact on India as the country is one of the biggest ...

The tax would be withheld by the remittance transfer provider at the time of the transaction . India is currently the world's top recipient of remittances, with around $83 billion sent annually ...

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 is expected to go ...

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 ...

President Sheinbaum said that a U.S. remittance tax would result in double taxation for Mexican earners in the U.S. — which she claimed would be unconstitutional. (Gabriel Monroy/Presidencia ...

Samsung has asked an Indian tribunal to quash a $520 million tax demand for allegedly misclassifying imports of networking gear, arguing officials were aware of the practice as India's Reliance ...