US to levy 5% tax on immigrant remittances: What does it mean for NRIs
- Posted on May 14, 2025
- By Financial Express
- 2 Views
US to levy 5% tax on immigrant remittances: What does it mean for NRIs
For NRIs, this tax could have profound financial implications. Currently, India is the world’s top recipient of remittances, with around $83 billion sent annually from abroad, much of it from the United States.
