The U.S. government has reduced the Remittance Tax (a tax on money sent out of the U.S.) to 1% for non-citizens, including NRIs. This rule is set to take effect from January 1, 2026.
I’ve been investing in U.S. stocks from India for the past few years. Will this Remittance Tax apply to Indians who invest in the U.S. stock market from India?