Remittance Transfer Tax: The US House Ways and Means Committee has proposed a remittance transfer tax change affecting non-resident Indians in the United States:

Remittance Transfer Tax: The US House Ways and Means Committee has proposed a remittance transfer tax change affecting non-resident Indians in the United States:

Daily Current Affairs / Remittance Transfer Tax: The US House Ways and Means Committee has proposed a remittance transfer tax change affecting non-resident Indians in the United States:

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Category : Business and economics Published on: May 21 2025

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The bill proposes a 5 per cent tax on all international money transfers made by non-US citizens, including non-immigrant visa holders (like H-1B) and green card holders.
If passed, the law would withhold 5 per cent of the remitted amount at the point of transfer.

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