US Officially Imposes 1% Remittance Tax To African Countries
On January 1, 2026, the “One Big Beautiful Bill Act” (OBBBA) officially introduced a federal 1% excise tax on outbound international remittances. While the tax applies globally, it could hit the African diaspora hardest. Why it Matters For Sub-Saharan Africa, remittances aren’t just “extra” money—they are the economy. The Digital Divide The law creates a […] The post US Officially Imposes 1% Remittance Tax To African Countries appeared first on Tech Labari.
On January 1, 2026, the “One Big Beautiful Bill Act” (OBBBA) officially introduced a federal 1% excise tax on outbound international remittances. While the tax applies globally, it could hit the African diaspora hardest. Why it Matters For Sub-Saharan Africa, remittances aren’t just “extra” money—they are the economy. The Digital Divide The law creates a […]
The post US Officially Imposes 1% Remittance Tax To African Countries appeared first on Tech Labari.
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