Scope: Global (Canada jurisdiction)
Proposed
Canada launches consultation on draft legislative proposals across tax statutes
Government of Canada released draft legislative proposals on July 23, 2026 to implement previously announced tax measures and various technical amendments. Key proposals include: streamlining the Disability Tax Credit certification process; designating Red Seal Completion Bonus as taxable; expanding types of property that qualify for zero-rating under GST/HST; and adjusting Investment Tax Credit rules for carbon capture to include CO₂ storage via enhanced oil recovery. Stakeholders are invited to submit feedback by September 4, 2026.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 23, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Proposed
Draft legislation proposals launched July 23, 2026 for various tax measures
The Government of Canada released draft legislative proposals covering: streamlining Disability Tax Credit applications; treating a Red Seal trade completion bonus as taxable; expanding the CCUS tax credit for enhanced oil recovery; reinstating accelerated capital cost allowances for low-carbon LNG facilities; tightening rules for foreign affiliate income; simplifying transfer pricing documentation; and introducing GST/HST reverse charges and other technical amendments. Consultation open until September 4, 2026.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 23, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Proposed
Consultations on proposed legislative and technical fiscal measures
The Canadian government published proposed legislative projects involving various fiscal measures—including changes to the Disability Tax Credit application process, confirming tax treatment of the Red Seal apprentice completion bonus, reverse charge for GST/HST in telecommunications, agricultural quota goods under TPS/TVH rules, and other technical amendments—inviting public comment.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 23, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Proposed
Government launches consultation on draft legislation for various tax measures
The Canadian Department of Finance is soliciting public feedback on draft legislative proposals including streamlining the Disability Tax Credit, confirming red seal apprenticeship bonuses are taxable, expanding eligibility for CCUS investment tax credits, reinstating accelerated capital cost allowances for LNG equipment, technical transfer pricing thresholds, hybrid mismatch rules, reverse charge mechanism for telecom-GST, and alignment of GST/HST rebates. These changes would clarify tax law, close avoidance gaps, and enhance investment incentives.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 23, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Proposed
Canada launches consultations on draft legislation for various tax measures
Canada released draft proposals to implement previously announced tax measures and make technical amendments to the Income Tax Act, Excise Tax Act, and other statutes. Key proposals include expanding the Red Seal Completion Bonus’ tax status, streamlining Disability Tax Credit eligibility, adjustments to hybrid mismatch rules, reverse charge for telecom, and accelerated allowances for low carbon LNG facilities. Feedback solicited by Sept 4, 2026.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 23, 2026
- Verification
- Not recorded
Open cited source
Scope: ASEAN
Status requires verification
PMK Number 44 Year 2026 — Requirements for Tax Representatives (“Kuasa Wajib Pajak”)
Indonesia introduces PMK 44/2026 allowing taxpayers to appoint consultants, family members, or other parties meeting competency standards as tax representatives; includes cooling-off period of five years for former MoF employees. Effective from its promulgation in July 2026.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 22, 2026
- Verification
- Not recorded
Open cited source
Scope: Brazil
Status requires verification
Decreto nº 13.075, de 21 de julho de 2026 – prorrogação para pessoas físicas sobre obrigações da CBS
This decree modifies the prior regulatory schedule (Decreto nº 12.955/2026) so that obligations of **inscription in CNPJ** and **issuance of electronic fiscal documents** under CBS (Contribuição sobre Bens e Serviços) for persons físicas (including rural producers) take effect only from **1 January 2027**, giving individuals more time to adapt and extending current mechanisms for identification until end of 2026.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 21, 2026
- Verification
- Not recorded
Open cited source
Scope: Brazil
Status requires verification
Decreto nº 13.075, de 21 de julho de 2026 – prorrogação da obrigatoriedade de inscrição no CNPJ e emissão de documentos fiscais por pessoas físicas contribuintes da CBS para 1º de janeiro de 2027
Decreto altera cronograma do Decreto nº 12.955/2026 para adiar para 1º de janeiro de 2027 a exigência de inscrição no CNPJ e emissão de documentos fiscais para pessoas físicas que forem contribuintes da Contribuição sobre Bens e Serviços (CBS) ou responsáveis tributários, bem como produtores rurais pessoa física.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 21, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Status requires verification
UK modernising & mandating tax adviser registration (MMTAR) deadline
Under the UK’s MMTAR initiative, new tax advisers or those interacting with HMRC without certain accounts must register by 18 August 2026. This measure aims to raise standards in tax advice and ensure people offering tax services are appropriately regulated.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 20, 2026
- Verification
- Not recorded
Open cited source
Scope: India & South Asia
Status requires verification
TDS Exemption for specified payments to IFSC Units under Income-tax Act, 2025
India: Notification No. 80/2026 has exempted certain payments—interest, dividends, professional fees, commission, brokerage and other financial-service incomes—made to eligible IFSC Units from deduction of tax at source (TDS) under the Income-tax Act, 2025. This eases cash flow burdens for IFSC units receiving these types of payments. Effective immediately upon notification (July 2026).
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 20, 2026
- Verification
- Not recorded
Open cited source
Scope: Latin America
Status requires verification
Resolución General N° 5876/2026 – Nueva prórroga para presentar la declaración jurada de Ganancias
La RG 5876/2026 de AFIP prorroga la presentación de la declaración jurada de Ganancias para personas humanas y sucesiones indivisas (régimen general y simplificado); además retrasa el primer anticipo fiscal 2026, moviéndolo de agosto a septiembre, según terminación del CUIT. Implica flexibilización para los contribuyentes argentinos ante plazos originalmente exigentes.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 20, 2026
- Verification
- Not recorded
Open cited source
Scope: Latin America
Status requires verification
Nueva prórroga para presentar la declaración jurada de ganancias
Mediante Resolución General N° 5876/2026, Argentina pospone la presentación de la declaración jurada del impuesto a las ganancias de personas humanas y sucesiones indivisas para el año fiscal 2025 al 27 de agosto de 2026, y reprograma el vencimiento del primer anticipo del período fiscal 2026 para mediados de septiembre (según terminación del CUIT).
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 20, 2026
- Verification
- Not recorded
Open cited source
Scope: Latin America
Status requires verification
Contribuyentes de comunas más afectadas por sistema frontal podrán declarar y pagar impuestos mensuales hasta el 30 de octubre sin multas ni intereses
Persons and businesses located in communes severely affected by the "sistema frontal" weather emergency in Chile are granted automatic condonation of interest and penalties for late or non-payments of monthly tax obligations (via Formulario 29 & 50), and the deadline to file/pay these monthly obligations for June is extended until 30 October 2026 without fines or interest.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 19, 2026
- Verification
- Not recorded
Open cited source
Scope: Other Europe
Status requires verification
New tax calculation forms have been approved: when and for which periods to report
Ukraine has introduced new forms for reporting income paid to individuals, taxes withheld, and single social contribution. These were approved by Ministry of Finance Orders № 243 (07.05.2026) and № 284 (26.05.2026), enter into force 17 July 2026. Reporting assessment begins 1 August 2026: tax agents must report monthly for July; individual entrepreneurs (FOPs) and independent professionals must move to quarterly reporting with monthly breakdown of the quarter. Duplicate reporting is not needed if monthly reports for all months already filed. Deadline for Q2 2026 reporting is 10 August 2026.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 17, 2026
- Verification
- Not recorded
Open cited source
Scope: Other Europe
Status requires verification
New tax calculation forms approved; effective as of July 17, 2026
Ukraine’s Ministry of Finance has approved **new tax calculation forms** for reporting income accrued (or paid) to individuals, amounts of tax withheld, and amounts of single contribution accrued; these forms and updated procedures enter into force on **17 July 2026**, with application from **1 August 2026**. Tax agents (except individual entrepreneurs and independent professionals) must use them from July 2026; individual entrepreneurs switch when completing the new quarterly form. Duplicate reporting is avoided if prior monthly forms are filed. Impact is Medium.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 17, 2026
- Verification
- Not recorded
Open cited source
Scope: India & South Asia
Status requires verification
Office Memorandum: Hosting note on Foreign Assets Information (CRS/FATCA) in Annual Information Statement
CBDT has enabled display of foreign assets information, received under the AEOI framework (CRS/FATCA), in the AIS under e-Filing portal, to help taxpayers access what data is available and correctly report foreign assets and income. The note clarifies this info is facilitative and not exhaustive.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 17, 2026
- Verification
- Not recorded
Open cited source
Scope: Other Europe
Status requires verification
New Tax Calculation Forms & Updated Procedure for Submission in Ukraine
Ukraine’s Ministry of Finance approved new tax calculation forms (Orders № 243 and № 284) for reporting income accrued or paid to individuals, amounts of tax withheld, and single contributions. Effective **July 17, 2026**. Use begins **August 1, 2026**: tax agents (non-entrepreneurs) must report monthly income via new forms for July; entrepreneurs and professionals transition to quarterly forms broken down by months. Ensures improved reporting breakdown and reduces duplication.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 17, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
UK and India: new social security agreement
A National Insurance Double Contributions Convention (DCC) between the UK and India signed and now in force since 15 July 2026. The agreement prevents double National Insurance/social security contributions for workers temporarily moving between the two countries, extends the detached worker exemption period from 52 weeks to 60 months, clarifies the eligibility for voluntary contributions and introduces Certificate of Coverage rules.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 15, 2026
- Verification
- Not recorded
Open cited source
Scope: Brazil
Status requires verification
Informações sobre a restituição automática (cashback) do IRPF
Consulta ao lote especial de restituição automática do Imposto de Renda da Pessoa Física, iniciativa chamada “cashback”, foi aberta em 8 de julho de 2026, com pagamento programado para 15 de julho. Destina-se aos contribuintes que não precisaram declarar IRPF em 2025, mas que tiveram valores passíveis de restituição em 2024, contanto que CPF esteja regular e haja chave Pix vinculada ao CPF até junho de 2026.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 15, 2026
- Verification
- Not recorded
Open cited source
Scope: Latin America
Status requires verification
Resolución General N° 5875/2026 – Régimen especial de facilidades de pago para micro, pequeñas y medianas empresas, pequeños contribuyentes y entidades sin fines de lucro (Argentina)
Argentina’s AFIP-ARCA introduced a special payment facilities regime allowing micro, small and medium enterprises, small taxpayers, and non-profit entities to regularize tax, customs and social security obligations due up to 30 June 2026, including penalties and accessories, without full or partial reduction of interest or penalty sanctions. Offers structured payments for outstanding obligations. ([biblioteca.afip.gob.ar](https://biblioteca.afip.gob.ar/search/query/norma.aspx?p=t%3ARAG%7Cn%3A5875%7Co%3A9%7Ca%3A2026%7Cf%3A13%2F07%2F2026&utm_source=openai))
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 14, 2026
- Verification
- Not recorded
Open cited source