Nomadic Tax Institute
Publicly sourced cross-border tax developments. Dates, status and scope are shown separately so they can be read in context.
2628 updates
Status requires verification
소득세법 개정안(2024년 12월 통과)에 따라 2027년 1월 1일부터 거주자가 가상자산을 양도·대여한 경우 기타소득으로 분리과세됩니다. 취득가액 확인이 곤란한 경우 양도가액의 최대 50%를 필요경비로 의제할 수 있으며, 2026년 12월 31일 현재 보유한 가상자산은 당시 시가 또는 실제 취득가액 중 큰 금액으로 취득가액으로 인정됩니다.
Editorial impact label: High
Status requires verification
As of January 1, 2027, residents of South Korea will be taxed on gains from the sale or lending of virtual assets (crypto), under a separated taxation regime. Acquisition cost is determined by actual cost, or—if hard to verify—for existing holdings, by the higher of original cost or market value as of December 31, 2026. The law allows use of average cost or FIFO methods, and when actual costs aren’t verifiable, provides that up to 50% of proceeds may be treated as expenses.
Editorial impact label: High
Status requires verification
Guidance published July 2, 2026 summarizing amendments to Part XIX under the CRS from the May 2026 NWMM; introduces enhanced reporting requirements for financial institutions in Canada, additional account-holder and entity account details, with changes coming into force January 1, 2027.
Editorial impact label: Medium
Status requires verification
A new Defense Special Income Tax (防衛特別所得税) adds a 1% surtax to income tax (基準所得税額) for individuals, effective from the tax year starting January 2027. The Reform reduces the Reconstruction Special Income Tax (復興特別所得税) rate by 1% to offset burden at transition.
Editorial impact label: High
Proposed
In the CRA’s 2026-27 Departmental Plan, commitment to launch automatic tax filing for approximately 1 million lower-income individuals for the 2026 taxation year, and to extend pre-filled returns to ~5.5 million Canadians by tax year 2028. These measures aim to ease compliance, ensure benefit access, and reduce administrative burdens. ([canada.ca](https://www.canada.ca/en/revenue-agency/corporate/about-canada-revenue-agency-cra/departmental-plan/2026-27-cra-departmental-plan.html?utm_source=openai))
Editorial impact label: Medium
Status requires verification
Chile’s Servicio de Impuestos Internos (SII) publicó la Resolución Exenta N°113 (31 de agosto de 2026) que establece la nueva Declaración Jurada Anual 1965 para personas naturales o jurídicas, comunidades o entidades con domicilio o residencia en Chile que generen o administren ingresos vía plataformas digitales entre terceros y suscriptores/usuarios. La declaración deberá reportar montos percibidos y/o devengados mediante esas plataformas, e incluirse en la Operación Renta 2027.
Editorial impact label: High
Proposed
Published July 2, 2026, this guidance reflects amendments as proposed in the May 2026 NWMM, coming into force January 1, 2027. Changes include clarifications for pre-existing insurance or annuity contracts, due diligence on assignments, and obligations for financial institutions on identifying reportable accounts.
Editorial impact label: High
Status requires verification
Este decreto altera o cronograma definido pelo Decreto nº 12.955/2026 para prorrogar até 1° de janeiro de 2027 a obrigatoriedade de inscrição no Cadastro Nacional da Pessoa Jurídica (CNPJ) e emissão de documentos fiscais por pessoas físicas que sejam contribuintes ou responsáveis tributários da Contribuição Social sobre Bens e Serviços (CBS). A medida aplica também a pessoas físicas produtoras rurais contempladas na legislação da CBS. Até 31 de dezembro de 2026, permanecem válidos os mecanismos atuais de identificação fiscal.
Editorial impact label: High
Status requires verification
UK resident companies with foreign permanent establishments (PEs) will no longer be able to elect out of UK taxation of their foreign PE profits and losses. The elective exemption regime is being replaced with a **mandatory regime** for accounting periods beginning on or after **1 January 2027**. Regulations include targeted anti-avoidance rules, and limits on carrying forward losses from foreign PEs into post transition periods. Impact is high for international companies.
Editorial impact label: High
Proposed
Consultation to amend the VAT Directive to better support the circular and low-emission economy: focusing on second-hand goods, destruction of viable goods, and VAT deduction rules for business cars. Will feed into legislative proposals expected in early 2027.
Editorial impact label: High
Status requires verification
The base Canada Pension Plan (CPP) contribution rate will be reduced from **9.90% to 9.50%**, effective January 1, 2027. For both employees and employers, the base contribution rate will drop from **4.95% to 4.75%** each. Other CPP rates (additional/contributory) remain unchanged. ([canada.ca](https://www.canada.ca/en/revenue-agency/services/forms-publications/payroll/t4127-payroll-deductions-formulas/t4127-jul/t4127-jul-payroll-deductions-formulas.html?utm_source=openai))
Editorial impact label: High
Status requires verification
On July 2, 2026, CRA published updated guidance amending Part XIX of the Income Tax Act as per the Notice of Ways and Means Motion of May 2026; changes include enhanced reporting obligations for financial institutions, including reporting whether account holders have provided valid self-certification, joint account status, controlling persons, account types. These amendments come into force January 1, 2027. Implications are high for financial institutions and account holders with non-resident tax obligations. Penalties apply for failure to comply with Part XIX reporting requirements. Source: Canada Revenue Agency.
Editorial impact label: High
Proposed
The Notice announces that OBBB expands the definition of a ‘covered employee’ for applicable tax-exempt organizations: now includes any employee with compensation exceeding USD 1 million annually or excess parachute payments. It clarifies volunteer-service and non-exempt funds exceptions and invites comments on regulation scope. The change increases compliance risk for nonprofits and charities with highly compensated staff.
Editorial impact label: High
Proposed
On June 5, 2026, the U.S. Treasury and IRS issued Notice 2026-36 announcing intent to issue proposed regulations under the One, Big, Beautiful Bill (OBBB) that expand the excise tax on excessive compensation and parachute payments by tax-exempt organizations. The new law broadens the definition of 'covered employee' beyond the top five highest-paid to include any employee earning over USD $1 million or receiving excess parachute payments in certain years. Proposed regulations will include exceptions (limited hours, non-exempt funds). Comments requested by August 4, 2026. [IR-2026-73]
Editorial impact label: High
Status requires verification
IRS Notice 2026-9 extends the deadline for certain amendments to IRAs, SEP, and SIMPLE IRA plans under the SECURE 2.0 Act to December 31, 2027 and clarifies that plans must be operated as if amendments applied retroactively. Failing to adopt compliant amendments by the deadline—or to have retroactive operations—may jeopardize plan qualification.
Editorial impact label: High
Status requires verification
令和８年度税制改正により、所得税の基礎控除を引き上げ、給与所得控除の最低保障額を引上げるとともに扶養親族等の所得要件を見直す改正。これらは原則として令和８年12月1日に施行され、令和８年分以後の所得税について適用。
Editorial impact label: High
Status requires verification
This policy raises the basic deduction (基礎控除), increases the minimum guarantee for salary income deductions, and adjusts dependent and related deduction thresholds for income tax. It comes into effect for income tax in fiscal year 2026 and affects withholding from December 1, 2026. These changes reduce taxable income for many individual taxpayers.
Editorial impact label: High
Proposed
Canada Revenue Agency published the annual contribution and limit tables for various registered plans for 2027, including RRSP dollar-limit of \$35,390, TFSA limit remaining at \$7,000, and other pension-plan related limits; useful for planning ahead.
Editorial impact label: High
Status requires verification
Provides detailed administrative guidance on the 2026 revisions to base deduction and special addition, especially for those becoming non-residents; how to file pre-final returns, request corrections; requirement for tax representative.
Editorial impact label: Medium
Proposed
The IRS announced that the longstanding FIRE system for submitting information returns will be retired after November 19, 2026. Filers must transition to the new Information Returns Intake System (IRIS) for filing information returns for tax year 2026 during the 2027 filing season. Key deadlines include November 1 (test filing through FIRE Trading Partner Test System) and November 9 (changes to transmitter control code).
Editorial impact label: Medium