Indian Government Imposes 20% Tax on Outbound Remittances Effective July 1, 2023

#IndiaRemittanceTax

Jun 07, 2023

∙ Paid

#IndiaRemittanceTax

The Indian government recently announced a new policy that may have considerable implications for many: a 20% tax on all outbound remittances from India, set to take effect from July 1, 2023. This #OutboundRemittanceTax applies broadly, with only remittances for educational and medical expenses being exempted.

Government officials argu…

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