The United States imposes a 1% remittance tax on certain cross-border remittances

Crypto界网消息, On January 1, 2026, local time, the new tax measures targeting certain cross-border remittances in the United States officially took effect. According to regulations from the U.S. Department of the Treasury and the Internal Revenue Service (IRS), starting from January 1, 2026, remittance service providers are required to withhold a 1% tax on qualifying remittance transactions and report and pay accordingly. The relevant regulations indicate that when the remitter uses cash or similar “physical payment tools” (including money orders, bank cashier’s checks, etc.) as the source of funds for cross-border remittances, the tax must be paid; however, transactions funded through transfers from U.S. bank accounts or using debit cards, credit cards, and other methods are generally not subject to taxation. This measure is part of the “Big and Beautiful” tax and spending bill promoted by the Trump administration. According to IRS regulations, the tax applies to overseas remittance populations including U.S. citizens and residents. Professional tax analysts believe that “cryptocurrency and stablecoin transfers are not considered taxable remittance transfers.” In other words, stablecoins are not classified as “physical payment tools” within the scope of this tax, but the actual situation remains uncertain.