Nomadic Tax Institute
Publicly sourced cross-border tax developments. Dates, status and scope are shown separately so they can be read in context.
2642 updates
Status requires verification
The European Union has proposed new regulations that clarify tax obligations for remote workers residing in EU countries, aiming to simplify compliance and avoid double taxation.
Editorial impact label: High
Status requires verification
A recent amendment clarifies the tax treatment of gains made from cryptocurrency transactions, ensuring they are subject to capital gains tax.
Editorial impact label: High
Status requires verification
Effective from November 2025, individuals are now required to report capital gains within 30 days of the sale, down from 60 days, aligning with the government's initiative to streamline tax compliance.
Editorial impact label: High
Proposed
The UK government has proposed a new Digital Services Tax aimed at large tech companies generating significant revenues from UK users, with an emphasis on fair taxation of digital services.
Editorial impact label: High
Status requires verification
UK regulation granting tax exemptions and reliefs (income tax, capital gains, inheritance and corporation tax) for payments made under the Post Office Capture Redress Scheme, effective for payments/disposals/deaths on or after 27 October 2025.
Editorial impact label: High
Proposed
Budget 2025 proposes a **Temporary Personal Support Workers Tax Credit**: a refundable tax credit equal to **5% of eligible earnings**, up to **$1,100/year**, for personal support workers in provinces/territories **without bilateral wage-increase agreements**. Also includes measures to amend Canada Labour Code for non-compete agreements, and establish a Foreign Credential Recognition Action Fund. These proposals affect compliance, entity payroll structuring, and cross-jurisdiction workforce mobility.
Editorial impact label: Medium
Status requires verification
The IRS has issued guidance confirming that the reporting threshold for Form 1099-K under the One, Big, Beautiful Bill has been restored to its pre-2022 level: payors must file 1099-K only when gross payments exceed $20,000 and there are more than 200 transactions. This reverses the $600 threshold introduced under ARPA and current plans to phase it down.
Editorial impact label: High
Proposed
The Department of the Treasury and the IRS have issued proposed regulations listing nearly 70 occupations where workers customarily receive tips, under the 'One, Big, Beautiful Bill.' Public comments are requested within 30 days.
Editorial impact label: Medium
Status requires verification
The IRS issued FAQs regarding the Form 1099-K reporting threshold, indicating that the dollar limit reverts to $20,000 under the One, Big, Beautiful Bill.
Editorial impact label: Medium
Proposed
The IRS issued guidance listing occupations where workers customarily and regularly receive tips under the One, Big, Beautiful Bill, and is seeking public comments on the proposed regulations.
Editorial impact label: Medium
Status requires verification
The IRS released FAQs relating to the limitation on credits and refunds for Employee Retention Credits claimed for the third and fourth quarters of 2021 that were filed after January 31, 2024, as enacted under the One, Big, Beautiful Bill.
Editorial impact label: High
Status requires verification
Notice 2025-57 under the One, Big, Beautiful Bill acts gives businesses and lenders transition relief during calendar year 2025 for meeting new reporting requirements under § 6050AA. For specified passenger vehicle loans, lenders receiving $600 or more interest from an individual must report and provide a statement by January 31, 2026. Penalties under §§ 6721 and 6722 are waived for 2025 if requirements are satisfied. The deduction for qualified passenger vehicle loan interest (QPVLI) becomes available for taxable years beginning after December 31, 2024.
Editorial impact label: Medium
Status requires verification
The IRS has released the annual inflation adjustments for over 60 tax provisions for the tax year 2026, including tax rate schedules and other tax changes.
Editorial impact label: High
Proposed
The IRS provided guidance listing occupations where workers customarily and regularly receive tips under the One, Big, Beautiful Bill, with proposed regulations listing nearly 70 separate occupations of tipped workers.
Editorial impact label: Medium
Status requires verification
The Treasury Department and the IRS provided transitional guidance for businesses required to report car loan interest under the One, Big, Beautiful Bill, offering penalty relief and guidance to certain lenders for new information reporting requirements for car loan interest received in 2025.
Editorial impact label: Medium
Status requires verification
Notice 2025-57 offers transitional guidance and **penalty relief** for certain lenders on new reporting requirements for car loan interest received in 2025 under the OBBB, recognizing that businesses may lack systems to report this by tax year end.
Editorial impact label: Low
Status requires verification
The Department of the Treasury and the IRS issued guidance providing deposit penalty relief for the first three quarters of 2026 to remittance transfer providers in connection with the new excise tax imposed on certain remittance transfers.
Editorial impact label: Medium
Status requires verification
The Department of the Treasury and the IRS have issued guidance providing deposit penalty relief for the first three quarters of 2026 to remittance transfer providers, in connection with the new excise tax imposed on certain remittance transfers under the One, Big, Beautiful Bill.
Editorial impact label: Medium
Status requires verification
The IRS issued guidance offering deposit penalty relief for the first three quarters of 2026 to remittance transfer providers, in connection with the new excise tax imposed on certain remittance transfers under the One, Big, Beautiful Bill.
Editorial impact label: Medium
Status requires verification
Under OBBB, lenders receiving interest of $600 or more from individuals on qualified passenger vehicle loans must file information returns and provide statements. Notice 2025-57 provides transitional relief for 2025: lenders can meet reporting obligations by issuing borrower statements of total interest by January 31, 2026, without penalty under sections 6721–6722 if these statements are provided. Full reporting to IRS and standardized forms are anticipated later.
Editorial impact label: Medium