The United Stated has introduced a one per cent tax on money migrants send home to their families in other countries, including Bangladesh. The tax applies to remittances sent via cash, money order, or any other “cashier’s check”. No tax, however, is applied when using debit and credit cards, bank accounts, Google Pay, Apple Pay, or Vigo Money or Western Union’s prepaid Visa cards. The tax applies to everyone, though initially it was said that US citizens be exempt from the remittance tax. Licensed businesses will suffer, as the tax will somehow discourage sending money through legal channels, he said.

Source: bd News24 January 02, 2026 15:28 UTC