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Mexican President Simbaum said at a press conference on the 22nd that he learned that the US House of Representatives passed a bill to reduce the tax rate on remittance taxes from 5% to 3.5%. Simbaum said that Mexico will continue discussions with the US to abolish the remittance tax. The US House of Representatives passed a bill on the 22nd to reduce the foreign remittance tax rate from 5% to 3.5%. According to reports, this tax only applies to undocumented immigrants and visa holders, and does not apply to citizens and permanent residents. The case narrowly passed with 215 votes in favor and 214 against, and the entire Democratic Party opposed it. Currently, the bill is pending consideration by the Senate.

Zhitongcaijing·05/22/2025 17:41:08
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Mexican President Simbaum said at a press conference on the 22nd that he learned that the US House of Representatives passed a bill to reduce the tax rate on remittance taxes from 5% to 3.5%. Simbaum said that Mexico will continue discussions with the US to abolish the remittance tax. The US House of Representatives passed a bill on the 22nd to reduce the foreign remittance tax rate from 5% to 3.5%. According to reports, this tax only applies to undocumented immigrants and visa holders, and does not apply to citizens and permanent residents. The case narrowly passed with 215 votes in favor and 214 against, and the entire Democratic Party opposed it. Currently, the bill is pending consideration by the Senate.