Nomadic Tax Institute
Publicly sourced cross-border tax developments. Dates, status and scope are shown separately so they can be read in context.
2645 updates
Status requires verification
A new tax credit has been established to incentivize investments in renewable energy technologies, applicable to both individuals and businesses starting from 2025.
Editorial impact label: Medium
Status requires verification
Bill C-4, Making Life More Affordable for Canadians Act, permanently reduced the first federal personal income tax rate from 15% to 14%, effective July 1, 2025. Nearly 22 million Canadians benefit, particularly in the lowest two tax brackets. The change was included in legislation receiving Royal Assent on March 12, 2026.
Editorial impact label: High
Proposed
The proposed increase in the GST from 10% to 12% aims to boost government revenue and fund essential services.
Editorial impact label: High
Status requires verification
Bill C-4 becomes law, bringing multiple affordability measures into effect including: lowering Canada’s first federal personal income tax rate from 15 % to 14 % as of July 1, 2025; eliminating GST on new homes up to CAD $1 million for first-time buyers; and removing the federal consumer fuel charge permanently. Also enabling automatic filing for certain low-income Canadians in simple situations.
Editorial impact label: High
Proposed
The government has proposed an increase in the tax offset for low-income earners to provide additional financial relief amid rising living costs.
Editorial impact label: High
Proposed
A new tax on digital services provided by large multinational companies operating in Australia, aimed at ensuring they pay a fair share of tax.
Editorial impact label: High
Status requires verification
Bill C-4, the Making Life More Affordable for Canadians Act, which received Royal Assent on March 12, 2026, includes a **middle-class tax rate cut** (first federal income tax bracket reduced from 15% to 14% effective July 1, 2025), impacting nearly 22 million Canadians, and introduces provisions such as the GST/HST rebate for first-time home buyers. These changes are now law.
Editorial impact label: High
Status requires verification
Bill C-4, the Making Life More Affordable for Canadians Act, received Royal Assent March 12, 2026, lowering the first federal marginal income tax rate from 15 % to 14 % (effective July 1, 2025), introducing a GST/HST rebate for first-time home buyers eliminating GST/prorated-federal HST on new homes up to $1 million, and partially reducing for $1-$1.5 million homes. Also permanently removed the federal consumer fuel charge, ending carbon-price at pump. These are broad affordability measures affecting personal income tax, housing and energy costs.
Editorial impact label: High
Status requires verification
Key reforms to HELP, HECS-HELP and other study/training support loans are now law, effective from 1 July 2025: the minimum compulsory repayment income has increased to **AU$67,000**, repayments are calculated on income exceeding that threshold under a marginal repayment system, and all existing qualifying loans received a **20% reduction** from their 1 June 2025 balance. Indexation is now calculated on the reduced loan principal and the reduced thresholds are indexed annually.
Editorial impact label: Medium
Proposed
Draft legislation has been published confirming that Canada Carbon Rebate payments to small businesses will be **non-taxable**. Businesses may choose not to include the rebate in taxable income for the year received; once Royal Assent is granted, CRA can amend prior returns. This affects fuel charge years 2019-20 through 2024-25 for eligible small & medium-sized businesses in designated provinces.
Editorial impact label: High
Proposed
On June 30, 2025, the Canadian government announced that all Canada Carbon Rebates for Small Businesses will be provided tax-free. This ensures that small businesses receive the full financial benefit of the rebates. The government plans to introduce legislation in Parliament to implement these changes in the fall.
Editorial impact label: Low
Status requires verification
On June 29, 2025, Canada announced the rescission of its Digital Services Tax (DST) to facilitate broader trade negotiations with the United States.
Editorial impact label: High
Status requires verification
On June 29, 2025, the Canadian government announced the rescission of the Digital Services Tax (DST) to facilitate broader trade negotiations with the United States. This decision aims to support complex negotiations on a new economic and security partnership, focusing on achieving the best deal for Canadian workers and businesses.
Editorial impact label: Medium
Proposed
Canada proposes to extend the filing deadline for the Canada Carbon Rebate for Small Businesses from July 15 to December 31, 2024 for taxation years ending in 2023; and to change how corporations are deemed to have paid amounts on account of tax for years after 2023 (deeming payment now set for October 1 of following calendar year). These changes impact small business cash flow and tax accounting.
Editorial impact label: Medium
Status requires verification
The amendment gives HMRC power to **extend the deadline** for submitting a *final VAT return* for businesses deregistering from VAT. This aligns final return deadlines with those for regular returns under existing law and provides fairness for businesses unable to meet immediate post-deregistration deadlines due to delays or compliance issues. Operative from **13 June 2025**. ([gov.uk](https://www.gov.uk/government/publications/amendment-to-the-value-added-tax-regulations-2025/the-value-added-tax-amendment-regulations-2025?utm_source=openai))
Editorial impact label: Medium
Status requires verification
UK’s Value Added Tax (Amendment) Regulations 2025 provide HMRC with a formal power to extend the statutory deadline for businesses deregistering from VAT to submit their final VAT return. Previously an administrative concession, this becomes legislated from 13 June 2025. Helps businesses facing delays avoid late-filing penalties due to processing or compliance issues.
Editorial impact label: Medium
Status requires verification
Notice 2025-33 extends transition relief for brokers under final regulations requiring reporting of certain digital asset transactions. It delays backup withholding penalties for transactions effected during calendar year 2026, and adds relief through 2027 for brokers who submit customer TINs matching IRS records and who immediately liquidate withheld digital assets when necessary. Also provides relief for certain customers not yet classified as U.S. persons.
Editorial impact label: High
Status requires verification
As of 1 June 2025, study and training loans held as of that date are subject to a **20% reduction** of outstanding debt; the repayment income threshold for compulsory repayment has increased to **AU$67,000** for the 2025-26 income year, and compulsory repayments apply only to income above that threshold. Indexation will be calculated using the lower of CPI or WPI with re-credits for excess, with law now in force. LAW changes affect withholding, instalments, and refund of credits.
Editorial impact label: Medium
Status requires verification
The Government announced in the **Spring Economic Update 2026** (released April 2026, report published April 28) that the CRA will **prioritise requests for advance income tax rulings** related to large-scale, nation-building projects (housing, infrastructure), and clean economy investment tax credit projects. It also allocated $146 million over five years starting 2025-26 to administer these credits, including increasing processing of related claims by more than 4.5-fold by July 2026. These changes are **effective** (or operating) as of those dates and have medium-to-high impact for taxpayers in affected sectors and seeking rulings or tax credits.
Editorial impact label: Medium
Status requires verification
Effective from 31 May 2025, this regulation increases late payment penalties for unpaid tax liabilities under Schedule 26: first penalty at 15 days increases from 2% to 3%, penalty at 30 days also rises from 2% to 3%, and for unpaid tax beyond 30 days the second penalty rate jumps from 4% per annum to 10%. Applies to VAT and other taxes under the regime, including those in MTD and ITSA once mandated. These changes raise the cost of late payment significantly, so compliance & timely payment are more critical.
Editorial impact label: Medium