U.S. to Levy 3.5% Excise Tax on Outward Remittances
A new tax bill by the House of Republicans proposes a 3.5% excise tax on all outbound remittances made by non-U.S. citizens, including H-1B, L-1, and F-1 visa holders. It’s currently pending Senate approval, but if passed, could become law by 1 January 2026.
