Big remittance cheer for NRIs! US Senate draft of Donald Trump’s ‘One Big Beautiful Bill’ reduces remittance tax to 1% from 3.5%; details here
28 June 2025 1 min read
The final draft of the ‘One Big Beautiful Bill Act’ proposes a lower 1% tax on remittances. An earlier version suggested 3.5%. The United States is India’s biggest remittance source.
The final draft of the ‘One Big Beautiful Bill Act’ proposes a lower 1% tax on remittances. An earlier version suggested 3.5%. The United States is India’s biggest remittance source.
