U.S. Draft Law Lowers Remittance Tax to 1%, Exempts Bank Transfers
The Senate’s 1% remittance tax targets non-citizens sending cash, money order, or cashier’s check transfers after 12/31/2025. Bank…
Sai Sankar is a law postgraduate with over 30 years of extensive experience in various domains of taxation, including direct and indirect taxes. With a rich background spanning consultancy, litigation, and policy interpretation, he brings depth and clarity to complex legal matters. Now a contributing writer for Visa Verge, Sai Sankar leverages his legal acumen to simplify immigration and tax-related issues for a global audience.
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The Senate’s 1% remittance tax targets non-citizens sending cash, money order, or cashier’s check transfers after 12/31/2025. Bank…
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