The new Income Tax rules, which come into effect from 1 April 2026, have expanded the reporting framework for remittances to non-residents. According to analyst ...

MUMBAI – India’s central bank is moving to tighten its grip on how resident Indians send money abroad, with new rules expected to bar them from holding foreign currency deposits that have fixed terms ...

The “big beautiful bill” passed by the U.S. House on May 22 includes a 5% tax on money non-citizens send to their home countries. The tax will hit illegal immigrants, according to House leaders, but ...

Much is made in policy circles about the role remittances can play in boosting economic development in Latin America. Proponents point out that the over US$60 billion in remittances that return each ...

With the new financial year underway, taxpayers should understand how various investment assets are taxed. Capital gains from selling assets like real estate, gold, or crypto are now taxed differently ...

In late January the United States announced widespread sanctions against Venezuela’s state-owned energy company PDVSA, ratcheting up pressure on the repressive regime of Nicolas Maduro in an attempt ...

Pakistan's dependence on remittances is growing as it seeks to finance its expanding trade deficit. One of the countries contributing to these remittances is Oman, where many Pakistani workers send ...

Bangladesh remittances surge despite Middle East tensions, reaching $2.25B in March, boosting forex reserves and supporting economic stability.

The ongoing military escalation involving the United States, Israel, and Iran is disrupting global transport routes, airspace access, and economic activity in the Gulf region. For Bangladesh, where ...

WASHINGTON — The United States has officially enacted a new 3.5% tax on money transfers sent abroad by non-citizens, a move expected to significantly affect millions of families worldwide who rely on ...

Sri Lanka Bureau of Foreign Employment (SLBFE) yesterday said that foreign remittances, during January and February this year, had been 32% higher than the corresponding period in the previous year.