Policy updates

Status requires verification

Prescribed Interest Rates for the Fourth Calendar Quarter (October 1 – December 31, 2026)

CRA has set new prescribed interest rates effective October 1 2026: overdue taxes, CPP & EI are charged at **7%**, corporate overpayments get **3%**, non-corporate overpayments **5%**. Other rates (e.g. low-interest loans, pertinent indebtedness, over/undpaid remittances for GST/HST etc.) are specified. Impacts include cost of carrying tax balances, incentive to file/pay on time, planning for refunds/receivables.

Editorial impact label: Medium

Published

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Effective

Oct 1, 2026

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Status requires verification

New VAT removal from domestic electricity bills from 1 October 2026

The government is removing VAT from domestic electricity bills starting **1 October 2026**. This aims to reduce household energy bills and provide relief during winter. Implications include lower bills for all domestic customers; energy suppliers must pass on the VAT reduction, including for fixed-tariff contracts.

Editorial impact label: High

Published

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Effective

Oct 1, 2026

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Interest rates remain the same for the fourth quarter of 2026

The IRS announced that the federal interest rates for overpayments and underpayments will stay unchanged for the period beginning October 1, 2026. For individuals, the rate is 7% per year; for corporations, 6% on overpayments. Underpayment rate is 7% for individuals and 9% for large corporate underpayments. Rates are based on the July 2026 short-term federal rate.

Editorial impact label: Medium

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Effective

Oct 1, 2026

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One month until Vaping Products Duty and the Vaping Duty Stamps Scheme start

HMRC introduces a new **Vaping Products Duty** (an excise duty) and a **Vaping Duty Stamps Scheme** effective from 1 October 2026. All vaping liquids—whether nicotine-contain-ing or not—will incur duty at £2.20 per 10 ml. Retail packaging must carry a duty stamp. Transitional arrangements allow wholesalers/retailers to use unstamped stock until 31 March 2027, with fully compliant packaging required from 1 April 2027. Importers/manufacturers/warehousekeepers must apply for HMRC approval. Non-compliance may result in civil or criminal sanctions.

Editorial impact label: Medium

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Effective

Oct 1, 2026

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Ministry of Finance Amends Electronic Invoicing Regulations to Ease the Burden on Businesses

The UAE Ministry of Finance issued Ministerial Decision No. 197 of 2026, amending the Electronic Invoicing System rules. The decision creates a temporary 24-month exclusion, beginning January 1, 2027, for qualifying transactions between persons that are members of the same Tax Group. It also removes the prior requirement to store electronic-invoicing data inside the UAE, while retaining the obligation to retain records for the period prescribed by the Tax Procedures Law and make them available to the Federal Tax Authority upon request. In addition, the amendment repeals the specific system-failure provisions, including the former two-business-day notification requirement. Businesses should update intercompany invoicing workflows, storage policies, retrieval controls, and incident procedures.

Editorial impact label: High

Published

Oct 28, 2026

Policy event

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Effective

Sep 30, 2026

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現金取引等における輸出免税要件の見直し

For exports or leases treated as export transactions, when consideration is received in cash or through a method that does not make it clear that payment came from the transaction counterparty, the business must preserve an import permit or equivalent evidence issued by the destination country, including an electronic record, in addition to existing export evidence. The rule applies to transfers or leases made on or after October 1, 2026, subject to stated transitional treatment for qualifying contracts concluded by March 31, 2026.

Editorial impact label: Medium

Published

Oct 26, 2026

Policy event

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Effective

Sep 30, 2026

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不動産取引の仲介等に関する課税関係の見直し

Brokerage, agency, and similar services relating to the sale, exchange, or lease of real estate located in Japan are no longer treated as export-exempt merely because the service recipient is a nonresident. The revised treatment applies to relevant services performed on or after October 1, 2026, with transitional treatment described for certain contracts concluded by March 31, 2026.

Editorial impact label: Medium

Published

Oct 26, 2026

Policy event

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Effective

Sep 30, 2026

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Notice 2026-63

The IRS postponed specified taxpayer and government tax-related acts for taxpayers affected by the terroristic action in the State of Israel throughout 2025 and 2026. Eligible taxpayers have until September 30, 2027, to file specified returns, pay specified taxes, make certain retirement-plan contributions, file Tax Court petitions, submit refund claims, and perform other covered time-sensitive acts that otherwise fall between September 30, 2026, and before September 30, 2027. The notice also postpones certain IRS assessment, notice, collection, litigation, and refund actions for the same affected taxpayers. This is targeted disaster or emergency relief and does not create a general filing extension for all taxpayers.

Editorial impact label: Medium

Published

Oct 23, 2026

Policy event

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Effective

Sep 30, 2026

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Open cited source

Bangladesh

Proposed

Public Notice: TDS Incentive for Early Income Tax Return Filers in Bangladesh

In Bangladesh, National Board of Revenue (NBR) has announced that individuals who file income tax returns by 30 September will receive a tax rebate up to 5%. This incentive applies to returns filed for the tax year 2026-2027. Aims to increase voluntary compliance and reduce late filing. Taxpayers eligible for this rebate must complete return filing by that deadline to benefit.

Editorial impact label: Medium

Published

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Effective

Sep 30, 2026

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Status requires verification

Receita Federal alerta: começa hoje o prazo para opção pelo Simples Nacional e para a escolha do modelo de recolhimento do IBS e da CBS em 2027

Empresas têm até 30 de setembro de 2026 para: (a) optar pelo regime Simples Nacional para o ano-calendário de 2027; e (b) definir o modelo de recolhimento do Imposto sobre Bens e Serviços (IBS) e da Contribuição sobre Bens e Serviços (CBS), conforme exigido pela Reforma Tributária sobre o Consumo. A partir de janeiro de 2027, as decisões tomadas agora terão efeito para o primeiro semestre. Há nova oportunidade de opção em março de 2027 para o segundo semestre. MEI e empresas em início de atividade têm regras específicas.

Editorial impact label: High

Published

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Effective

Sep 30, 2026

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IRS announces tax relief for taxpayers impacted by severe winter storm and straight-line winds in the Fort Peck Assiniboine and Sioux Tribes; various deadlines postponed to Sept. 28, 2026

Following a FEMA disaster declaration, the IRS is postponing filing and payment deadlines for individual, business, employment, and excise tax returns (both original and extended) and estimated tax payments normally due on or after Dec. 17, 2025, through Sept. 28, 2026 for affected areas. Penalties for late payment are abated if payments are made by the new deadline. This also applies to those outside the area whose necessary records are in the area, and to relief workers or visitors injured or killed due to the disaster.

Editorial impact label: High

Published

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Policy event

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Effective

Sep 28, 2026

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Open cited source

Status requires verification

Circular No. 07/2026 — Extension of due dates for filing income-tax returns and audit reports for AY 2026–27

India’s Central Board of Direct Taxes extended the income-tax return deadline for taxpayers covered by the specified audit-related category under section 139 from 31 October 2026 to 21 November 2026. The corresponding tax-audit-report deadline was extended from 30 September 2026 to 21 October 2026. This is an actual administrative deadline change affecting the identified India filing population; it does not extend every taxpayer’s return deadline.

Editorial impact label: High

Published

Oct 27, 2026

Policy event

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Effective

Sep 27, 2026

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Open cited source

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Alterações no sistema DUIMP para atender à Reforma Tributária do Consumo com novos campos em ambiente de produção a partir de 27 de setembro de 2026

O manual de importação do DUIMP será modificado para atender à Reforma Tributária do Consumo. Novos campos serão exigidos no ambiente de Produção a partir de 27 de setembro de 2026. Ambiente de Treinamento/Validação já os disponibiliza. Essas alterações correspondem às exigências fiscais relacionadas ao IBS e CBS.

Editorial impact label: Medium

Published

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Policy event

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Effective

Sep 27, 2026

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Open cited source

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国税システムの更改について

Japan’s National Tax Agency will overhaul its national tax system on **September 24, 2026 (令和8年9月24日)**. Changes include new paper form layouts (white/black, removal of duplicate copies), shift from fixed to dynamic IP addresses for e-Tax access, expansion of electronic notifications via blanket consent, updated kanji standards using JIS X 0213, and revised formats for “国税徴収高計算書” and direct payment forms. Those filing or paying taxes—from individuals to large corporations—will need to update forms, systems, and networks to remain compliant.

Editorial impact label: High

Published

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Policy event

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Effective

Sep 24, 2026

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Status requires verification

e-Tax System Renewal — expanded electronic delivery & new form layouts

Effective September 24, 2026, Japan is updating its national tax system to expand electronic delivery of disposition notices (処分通知等), changing consent procedures to blanket consent, modifying many paper/e-Tax form layouts (numbering, colors, header dates, character sets), and transitioning IP access from fixed to dynamic. These changes affect all who file or receive tax documents via e-Tax.

Editorial impact label: Medium

Published

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Policy event

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Effective

Sep 24, 2026

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Open cited source

Proposed

国税システムの更改について (変更される申告書等の様式および電子交付制度)

The National Tax Agency’s announcement that from **September 24, 2026**, various paper tax returns, applications, and statutory forms will adopt **new formats**, colours simplified to black-and-white, and that **electronic notification of assessments** will transition from per-application consent to blanket prior consent via e-Tax.

Editorial impact label: Medium

Published

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Effective

Sep 24, 2026

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一部改正について: 法定資料を光ディスク及び磁気ディスクにより提出する場合の標準規格等の制定

A partial revision in the Official Interpretation Notice revises standards for submitting statutory documents via optical or magnetic disks. Effective **令和８年９月２４日**, revised standards apply to all statutory reports (excluding derivatives/statements related to crypto-asset derivatives). The forms of 源泉徴収票 and public pension withholding slips are updated starting **令和９年１月１日**. These changes tie into the system overhaul and new tax reform measures.

Editorial impact label: Medium

Published

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Effective

Sep 24, 2026

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Electronic Delivery Expansion of Tax Notices (処分通知等の電子交付の拡充) via e-Tax

From September 24, 2026, taxpayers must provide unified consent (一括同意) via e-Tax in order to receive various tax notifications and notices electronically. The scope of ‘処分通知等’ is expanded to include assessment notices, refund notifications, certification letters, housing loan deduction paperwork among others. Prior consent given before September 23, 2026 may suffice for certain items.

Editorial impact label: Medium

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Effective

Sep 24, 2026

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Status requires verification

国税システムの更改について (National Tax System Renewal from September 24, 2026)

Japan's tax authorities will renew the national tax system on September 24, 2026. Key changes include new form templates (paper forms/applications/statutory documents), switch to white-black layouts, change ‘整理番号’ field to a 13-digit ‘問い合わせ番号’, shift from fixed IP to dynamic IP for e-Tax access, change in disposition notice electronic consent from case-by-case to blanket consent, and changes in allowed character sets per JIS standards. Implications include needed updates to software, filing processes, access methods, and communications preference ahead of effective date.

Editorial impact label: Medium

Published

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Effective

Sep 24, 2026

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Status requires verification

Employer Interim Declarations (EMP501) 2026 period and new interim reconciliation requirements

South African Revenue Service (SARS) requires employers to submit the Employer Interim Reconciliation declaration (EMP501) for the period 1 March to 31 August 2026 between 21 September and 31 October 2026. Key changes include an updated e@syFile™ Employer build (with new source codes and validation rules), introduction of the ITREG source code to avoid duplicate income tax registration, and updated requirements around payroll data, reconciled values, and certificates. This aims to increase accuracy and modernise PAYE / payroll compliance.

Editorial impact label: High

Published

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Policy event

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Effective

Sep 21, 2026

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Open cited source