Remittance Tax, Uncertain TPS and Tariffs, What Is Castro's Policy? - Digital Process

The president, Bernardo Arévalo, expressed his concern about the legislative project in the United States that proposes a 3.5% tax on remittances sent abroad. “We understand the enormous sacrifice of those living far from their land to support their families in Guatemala with dignity and the effort that exists behind every transfer or shipment that Guatemalans are making from the United States,” he said. He assured that they are working to make …

The former Minister of Economy and senior leader of the Dominican Liberation Party (PLD), Temistocles Montás, indicated Monday the concern and rejection of that organization regarding the implementation of the tax of 3.5% on remittances sent by Dominicans from the United States. “It is a measure that establishes a double taxation for our compatriots, who have to pay income taxes for the income received and then have to pay 3.5% to send the remit…

Honduras will face almost its entire second half of 2025 with three threats, which, if realized, will provoke a devastating blow to its economy and, it is expected, will strain its relations with the United States, its main strategic ally, to continue the initiatives: imposed on remittances, application of a tariff on its exports and the prospect of an end to the Temporary Protection Status (TPS).The entry Tax on Remittances, Uncertain TPS and T…