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 increasing costs for them when they send money back home to India.
New US remittance tax proposal: What it means for NRIs sending money to India
livemint.com - 18 May 2025 07:35
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 increasing costs for them when they send money back home to India.
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