Dhaka, Jan. 2 -- The United Stated has introduced a one percent tax on money migrants send home to their families in other countries, including Bangladesh.

The new tax took effect from Thursday, the first day of the year.

The tax applies to remittances sent via cash, money order, or any other "cashier's check".

No tax, however, is applied when using debit and credit cards, bank accounts, Google Pay, Apple Pay, or Vigo Money or Western Union's prepaid Visa cards.

The tax has been introduced under the "One big beautiful act" passed in the Congress in Jul last year.

The tax applies to everyone, though initially it was said that US citizens be exempt from the remittance tax.

"Under this new rule, everyone-including citizens, green card ...