Scope: Canada
Proposed
First-Time Home Buyers’ GST/HST Rebate proposed in Bill C-4
A proposed rebate under Bill C-4 would **eliminate the federal GST (or federal component of HST)** for first-time home buyers on **new homes up to $1 million**, and partially rebate GST for homes between $1 million and $1.5 million. The rebate could be up to $50,000. Applicants must meet age, residency, and non-ownership look-back criteria. Effective for purchase agreements entered on or after May 27, 2025.([canada.ca](https://www.canada.ca/en/department-finance/news/2025/05/gst-relief-for-first-time-home-buyers-on-new-homes-valued-up-to-15-million.html?utm_source=openai))
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- May 27, 2025
- Verification
- Not recorded
Open cited source
Scope: Canada
Proposed
First-Time Home Buyers’ (FTHB) GST/HST Rebate legislation proposed in Canada
Proposed legislation (Bill C-4) would introduce a GST/HST rebate for first-time home buyers: **100 % GST relief** for new homes up to CAD 1 million and partial relief for new homes between **CAD 1 million and CAD 1.5 million**, with a maximum rebate of **CAD 50,000**, subject to eligibility criteria and timing (purchase agreements, construction timelines).
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- May 27, 2025
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
GST Housing Rebate for First-Time Home Buyers on New Homes
Budget 2025 proposes a **GST rebate** that fully **eliminates GST** on newly built homes priced up to **$1 million**, with a **partial rebate** for homes priced between **$1 million and $1.5 million**, available to first-time home buyers (must not have owned home in current or past 4 years). Purchase agreements or construction must begin on or after **May 27, 2025**. Expected savings up to **$50,000**; helps address housing affordability. Medium-High impact for first-time buyers in newer housing markets.([canada.ca](https://www.canada.ca/en/department-finance/corporate/transparency/2025/senate-cow-c4-2025-06-17.html?utm_source=openai))
Editorial impact label: Medium-High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- May 27, 2025
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
First-Time Home Buyers’ GST/HST Rebate
Introduced under Bill C-4; eliminates federal GST for first-time home buyers on new homes valued up to $1M; for homes between $1M–$1.5M rebate phases out linearly; up to $50,000 relief in federal GST portion. Applies to home purchase or construction beginning on or after specified dates.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- May 27, 2025
- Verification
- Not recorded
Open cited source
Scope: Canada
Proposed
First-Time Homebuyers’ GST Rebate
Proposed GST rebate to eliminate the federal GST on new homes priced up to $1 million for first-time buyers, and partially reduce GST for homes between $1 million and $1.5 million. Eligibility includes being first-time buyer (no owned home past 4 years), construction/timing requirements. Expected to save up to $50,000. Proposed in Bill C-4/Budget 2025.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- May 27, 2025
- Verification
- Not recorded
Open cited source
Scope: Africa
Status requires verification
Ministerial change in Rwanda: Foreign Income Exemption for KIFC Experts and Professionals
Rwanda’s current personal income tax law exempts foreign sourced income for new residents who were non-resident in the prior five years, provided they are experts or professionals working directly for a Kigali International Financial Centre-licensed entity. This exemption lasts for the first five years of residency; other residents remain taxable on both domestic and foreign source income. This change provides competitive tax benefits for high skilled nomads and attracts professionals to Rwanda.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- May 27, 2025
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
First-Time Home Buyers’ GST Relief on New Homes up to $1.5 Million (Entered Purchase Agreements from May 27, 2025)
Under proposed amendments in Bill C-4, first-time home buyers purchasing new homes priced up to $1 million will receive full GST elimination; homes between $1 million and $1.5 million get a reduced GST. Agreements must be signed on or after May 27, 2025, and construction begin before 2031 with substantial completion before 2036. Expected tax savings up to $50,000. Source deduction of GST on new builds reduced accordingly. Significant benefit for new home buyers, with impact on housing affordability and demand.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- May 27, 2025
- Verification
- Not recorded
Open cited source
Scope: Canada
Proposed
Enhanced Tax Credits for Electric Vehicle Purchases
The Canadian government has proposed enhanced tax credits for the purchase of electric vehicles, aiming to increase adoption rates and reduce greenhouse gas emissions.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- May 1, 2025
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Proposed
Tax Update Spring 2025: Simplification, Administration and Reform
The UK government announced a package of technical tax policy proposals aimed at simplifying and modernizing the tax system, including reforms to transfer pricing, permanent establishment, and Diverted Profits Tax.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 28, 2025
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Summary of Tax Update Spring 2025: Simplification, Administration and Reform
A government package published on 28 April 2025 that introduces several administrative and policy changes: aligning reporting thresholds for trading, property and ‘other taxable’ income to £3,000 gross (reducing Self Assessment requirements for up to 300,000 taxpayers), simplifying employer-share schemes, revising employment status tools, reducing outbound post and central London estate for HMRC, reforming the Valuation Office Agency into HMRC, and various simplifications to tax schemes and procedures. These changes aim to reduce compliance burden, increase clarity, and modernise tax administration. ([gov.uk](https://www.gov.uk/government/publications/summary-of-tax-update-spring-2025-simplification-administration-and-reform/tax-update-spring-2025-simplification-administration-and-reform-summary?utm_source=openai))
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 28, 2025
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Tax update spring 2025: simplification, administration and reform
A package of technical tax policy proposals announced on 28 April 2025, aiming to simplify and modernize the tax system, tackle non-compliance, and make the tax system fairer for taxpayers.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 28, 2025
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Reform of the taxation of non-UK individuals: technical note
This sets out detailed changes under UK tax law from 6 April 2025: ending remittance basis, shifting to residence-based foreign income & gains (FIG) regime; treatment of trust income for settlors retaining interest; changes to Overseas Workday Relief (OWR) eligibility—all impacting trustees, non-doms, offshore income earners and beneficiaries.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2025
- Verification
- Not recorded
Open cited source
Scope: Global
Status requires verification
Changes to the taxation of non-UK domiciled individuals
From 6 April 2025, the UK ends the remittance basis for non-UK domiciled individuals, replacing it with a 4-year Foreign Income & Gains (FIG) regime, and restructures the treatment of overseas workday relief and trust distributions. For those who qualify under FIG, foreign income/gains are only taxed when remitted during those 4 years; for others, all foreign income/gains will be taxed as they arise. Transitional reliefs such as Temporary Repatriation Facility and rebasing for certain assets apply.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2025
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Reforming the taxation of non-UK domiciled individuals: replacing remittance basis with residence-based regime
From 6 April 2025 the UK abolished the remittance basis and the concept of domicile as a factor in HMRC taxation. It introduced a foreign income and gains (FIG) regime: individuals who become UK tax residents will be taxed on worldwide income and gains from that date, rather than only what they remit to the UK. Transitional arrangements include a temporary 50% exemption on foreign income in 2025-26, a two-year Temporary Repatriation Facility at a 12% rate for previously accrued foreign income and gains, and ability to rebase capital assets to 5 April 2019. The changes also adjust Overseas Workday Relief and how Employment Related Securities are taxed. These represent sweeping reform for non-UK domiciled individuals and digital nomads who used to rely on remittance basis treatment.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2025
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Changing late payment interest rates on unpaid tax liabilities
From **6 April 2025**, HMRC increased the interest rates charged on unpaid tax liabilities by **1.5 percentage points**. Late payment interest for most taxes is now Bank Rate plus 4%. Additionally, repayment interest rates and rates for Corporation Tax instalments, Customs Duty, etc., were also adjusted. These changes are aimed at encouraging timely payments and reducing the Treasury’s through-tax debt. ([gov.uk](https://www.gov.uk/government/publications/changing-the-late-payment-interest-rate-for-unpaid-tax/changing-late-payment-interest-rates-on-unpaid-tax-liabilities?utm_source=openai))
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2025
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Draft Finance Bill Measures: Replacement of Special Rules Relating to Domicile
This policy abolishes the remittance basis and the concept of ‘‘domicile’’ for UK tax purposes and replaces it with a residence-based regime. Key changes: individuals becoming UK resident from 6 April 2025 will be taxed on foreign income and gains on the arising basis, unless qualified under the 4-year FIG (Foreign Income & Gains) regime. There will be a Temporary Repatriation Facility for remitting pre-6 April 2025 foreign income and gains, and changes to inheritance tax to use a long-term residence test.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2025
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Increased Personal Allowance Threshold
The personal allowance threshold for income tax has been raised to £13,500, allowing individuals to earn more before paying income tax.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2025
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Changes to the taxation of non-UK domiciled individuals
The UK government announced the abolition of the non-domicile tax regime, replacing it with a residence-based system effective from 6 April 2025. This change includes a four-year exemption for new residents and transitional arrangements for existing non-doms.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2025
- Verification
- Not recorded
Open cited source
Scope: Global
Status requires verification
UK Reforms to Taxation of Non-UK Domiciled Individuals: New Foreign Income & Gains Regime
From April 6, 2025, the UK abolished the remittance basis and replaced it with a 4-year foreign income and gains (FIG) regime for qualifying individuals (after 10 years of non-UK residence). Non-residents moving to the UK or current non-domiciled persons will now be taxed on worldwide income and gains unless they qualify for FIG. Includes transition provisions and removal of domicile-based IHT in favour of residence-based system.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2025
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Changes to the taxation of non-UK domiciled individuals: residence-based regime & FIG relief
Effective from 6 April 2025, the UK replaced the domicile-based tax regime with a residence-based system. It introduced a **4-year Foreign Income & Gains (FIG)** relief for qualifying new-arrivals, removed the remittance basis, reformed Inheritance Tax to use residence and introduced a Temporary Repatriation Facility for pre-April 2025 FIG. Impacts non-UK domiciled individuals, trusts and those with non-UK assets.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 6, 2025
- Verification
- Not recorded
Open cited source