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