Scope: Australia
Status requires verification
Payday Superannuation reform
From 1 July 2026, employers will be required to pay superannuation contributions at the same time as salary and wages for Ordinary Time Earnings. SuperStream standards are being updated to allow payments via the New Payments Platform, and Super Funds must prepare to meet technical standards and reporting obligations. The Small Business Super Clearing House will close in July 2026. These changes aim to improve timeliness and transparency of super payments.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Proposed
New penalty for understating or mischaracterising royalty payments by large global turnover entities
A new penalty provision, commencing 1 July 2026, targets taxpayers with global turnover exceeding AU$1 billion who mischaracterise or undervalue royalty payments subject to withholding tax. This measure aims to tighten integrity over cross-border royalty and intangible payments and strengthen withholding tax compliance. It is not yet law but was announced in the 2024-25 Budget and scheduled to take effect from that date.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Electricity Generator Levy: rate increase from 45% to 55% from 1 July 2026
The UK government has increased the Electricity Generator Levy (EGL) rate from 45% to 55% on exceptional receipts of qualifying electricity generators. The change applies from 1 July 2026. The levy targets excess profits from non-gas generators benefiting from high electricity prices during periods when gas sets the marginal price. Companies with accounting periods straddling 1 July must apportion receipts accordingly.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
2026 Pay as you go (PAYG) withholding tax tables updated
ATO has published updated withholding schedules and tax tables applying from 1 July 2026, reflecting the new personal income tax cuts announced in the 2025-26 Budget via the Treasury Laws Amendment (More Cost of Living Relief) Act 2025, and indexation of study and training support loan repayment thresholds. Applies to all relevant withholding schedules and tax tables. Impacts withholding obligations for employers and payroll software providers.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
Payday Super – super guarantee paid on payday and qualifying earnings from 1 July 2026
From 1 July 2026, employers must pay super guarantee on each payday and use a new earnings base called qualifying earnings (including ordinary time earnings and other payments). Payment must reach super fund within 7 business days and contributions be allocated or returned within 3 business days. Super funds and digital service providers must update systems accordingly; new STP reporting code introduced. Part of the Payday Super reform legislation.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
Small Business Superannuation Clearing House (SBSCH) to close permanently 1 July 2026
The SBSCH will be permanently closed from 1 July 2026 under the Payday Super reforms. Employers currently using SBSCH must switch to alternative payment methods before that date, download transaction history and ensure payroll systems are updated to new SuperStream standards or other approved methods.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
Small Business Superannuation Clearing House set to close 1 July 2026
As part of the Payday Super reforms, the Small Business Superannuation Clearing House (SBSCH) will close permanently on 1 July 2026. Existing users must switch to alternative super payment methods and download all transaction records before the service shuts. This impacts small employers who currently rely on the SBSCH to meet their super guarantee obligations, and requires planning to avoid disruptions.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Canada Groceries and Essentials Benefit (CGEB) replaces GST/HST credit starting July 2026
The CGEB will replace the GST/HST credit beginning July 2026. Payments will increase by 25% annually for five years. Eligibility criteria, payment structure, and underlying calculation remain identical to the GST/HST credit. A one-time top-up will be issued starting June 5, 2026, to those who received the January 2026 GST/HST credit.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
2026 Pay as you go (PAYG) withholding tax tables
Updates to withholding schedules and tax tables which will apply from 1 July 2026, including personal income tax rate cuts from the 2025-26 Budget and indexation of study and training support loan repayment thresholds. Employers and employees need to prepare for applying these from the 2026-27 income year.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Proposed
Mandatory beneficiary TFN reporting for closely held trusts – MTAS Phase 2
Under MTAS Phase 2, proposed law reforms will require **closely held trusts** to report the Tax File Number (TFN) of each beneficiary starting 1 July 2026. New labels in trust return forms will include a “closely held trust” indicator and “No TFN Provided” option. The reforms include technical and legislative changes to enhance trust transparency.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
SBSCH Closure and Payday Super Reform
Under the Payday Super reform, the ATO’s Small Business Superannuation Clearing House (SBSCH) will close permanently from 1 July 2026. From 1 October 2025, no new users can register. Employers must choose alternative super payment methods and download all records before closure. Also requires superannuation guarantee contributions to be paid at the same time as salary and wages. ([ato.gov.au](https://www.ato.gov.au/businesses-and-organisations/super-for-employers/paying-super-contributions/how-to-pay-super/small-business-superannuation-clearing-house?=redirected_sbsch&utm_source=openai))
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
Payday Superannuation requirement
From 1 July 2026 employers will be required to pay superannuation guarantee amounts to employees on payday (same day as salary & wages), with payment to super funds due within 7 business days. The reform includes closing the Small Business Superannuation Clearing House, updating SuperStream standards, and improving fund member verification and employer reporting. Designed to reduce delays in super payments and improve compliance and data quality.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Other Europe
Status requires verification
Minimum monthly payments for Professional Income Tax in Belarus
Starting 1 July 2026 Belarus introduced minimum monthly payments for professional income tax (NPD) of **45 BYN** for standard taxpayers and **18 BYN** for pensioners. Even with zero income or no generated receipts, being registered means the minimum is due. Failure to pay for three consecutive months leads to removal from the NPD registry.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
Personal income tax cuts for every Australian taxpayer (Rates Act amendments)
Legislation enacted under the Treasury Laws Amendment (More Cost of Living Relief) Act 2025 reduces the personal income tax 2nd marginal rate from 16% to 15% from 1 July 2026, further to 14% from 1 July 2027, forming part of federal efforts to return bracket-creep relief and cost-of-living relief. Provides broad relief for taxpayers across incomes.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
Payday Super: super guarantee paid on payday, effective 1 July 2026
From 1 July 2026, employers must pay Super Guarantee (SG) contributions on each payday, using a broadened 'qualifying earnings' base. Contributions must be received by the super fund within 7 business days. The law requires STP reporting to include a new code 'Q' for QE and updated payment and data standards via SuperStream and the New Payments Platform, along with improved error-messages and fund validation service features.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Canada Groceries and Essentials Benefit starts July 2026 replacing GST/HST credit
Beginning July 2026, the GST/HST credit will be replaced by the Canada Groceries and Essentials Benefit (CGEB), increasing quarterly payments by 25 per cent for five years; moreover, a one-time top-up payment will be issued starting June 5, 2026 to those entitled to the January 2026 GST/HST credit. This measure increases tax-free assistance for low- and modest-income Canadians.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
Payday Super Reform: employers must pay super at the same time as salary and wages
As part of new legislation under the Payday Super reforms, from 1 July 2026 employers will be legally required to pay superannuation guarantee contributions in alignment with salary and wage payments (i.e. on payment dates rather than deferred basis). Qualifying earnings and the definition of ‘QE day’ will determine obligations. Super guarantee shortfalls and charges will be assessed per QE day under new rules. This major compliance reform is effective 1 July 2026.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
Updated PAYG withholding tax tables and schedules apply from 1 July 2026
The ATO has published updated PAYG withholding tax tables, including Schedules such as NAT 1004, 3539 etc., which incorporate the new personal income tax rate cuts from the 16% rate to 15%, and adjustments for indexation of study & training support loan repayment thresholds. These updated tables and withholding schedules become effective on 1 July 2026. Employers, payers, Digital Service Providers must use them for payments and withholding purposes.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
Personal income tax cuts for Australia: 16% rate reduced to 15% from 1 July 2026, then 14% from 1 July 2027
The Treasury Laws Amendment (More Cost of Living Relief) Act 2025 reduces the 16 % personal income tax rate for resident individuals on income between the tax-free threshold and $45,000 to 15 % from 1 July 2026, then further to 14 % from 1 July 2027. This delivers cost-of-living relief and restores bracket creep. Individuals, employers, payroll systems all must adjust withholding and rates accordingly.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
An Act to amend the Income Tax Act = Loi modifiant la Loi de l’impôt sur le revenu (Bill C-19)
This Act amends the Income Tax Act to increase the maximum annual GST/HST credit (GSTC) amounts by **50 %** for the 2025-2026 benefit year. As of the 2026-2027 benefit year (starting July 2026), it increases the maximum amounts by **25 %** annually for a period of five years. This provides immediate top-ups to eligible recipients and sustained benefit increases.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jul 1, 2026
- Verification
- Not recorded
Open cited source