US EditionReal Estate Prospects Clouded by New US Tax on Remittances - BusinessWorld Online
UNITED STATES, JUL 14 – The 1% excise tax on remittances may reduce funds sent by Overseas Filipino Workers by up to $100 million annually, potentially affecting investments and family incomes, officials said.
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Real estate prospects clouded by new US tax on remittances - BusinessWorld Online
By Beatriz Marie D. Cruz, Reporter THE US decision to impose a 1% remittance tax could serve to dampen property investing activity by overseas Filipino workers (OFWs), industry analysts said. The remittance tax, a component of the Trump administration’s “One Big Beautiful Bill,” will crowd out any OFW funds earmarked for investing and shift priorities towards essentials, they said. “While the percentage of remittances being allocated for real es…
Overseas Filipinos face new 1% remittance tax under U.S. law - Asian Journal News
Overseas Filipinos may face higher remittance costs as the U.S. enacts a 1% tax on cash-based money transfers abroad starting January 2026. Learn who’s affected, what’s exempt, and how the law could impact families in the Philippines. WASHINGTON, D.C. – A new federal tax on overseas remittances will take effect on January 1, 2026, following President Donald Trump’s signing of…
In general terms, the recent approval of the 1 percent payment of remittances sent by immigrants in the United States would affect $1.5 billion a year to Mexico, followed by India with $466 million) and Guatemala with $415 million, according to an analysis by the Center for Global Devolopment (CGD). In addition to being immoral and a direct aggression against those who sustain thousands of Mexican households with their work and sacrifice, for th…
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