Scope: South Korea
Status requires verification
가상자산은 소득세법 개정(’24.12.)에 따라 ’27.1.1. 이후 양도·대여분부터 기타소득으로 분리과세됩니다.
The December 2024 amendment to the Income Tax Act mandates that from **January 1, 2027**, residents’ gains from virtual asset transfers or lending will be taxed separately as “other income” (기타소득). Key details include a flat 20% tax rate, a basic exemption of KRW 2,500,000 annually, special provisions for valuation of cost basis under certain conditions, and rules for pre-existing holdings (basis being the higher of acquisition cost or market price as of December 31, 2026).
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2027
- Verification
- Not recorded
Open cited source
Scope: South Korea
Status requires verification
간이지급명세서(근로소득) 세법 개정 내용
From January 1, 2027, Korea introduces temporary relief (no 0.25% late-file penalty) for simplified payout statements (간이지급명세서) if submitted by the old semiannual deadline; small businesses get extended relief until end 2028. Also increases frequency of submission to monthly and establishes exceptions for understatement within 5%.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2027
- Verification
- Not recorded
Open cited source
Scope: Brazil
Status requires verification
CGSN actualiza regras do Simples Nacional para adequação à Reforma Tributária do Consumo
O CGSN aprovou novas regras regulatórias (Resoluções CGSN 190 e 191/2026) para incorporar os novos tributos IBS e CBS ao regime do Simples Nacional, definir novos procedimentos e prazos de opção para 2027; inclui opção pelo regime regular para recolhimento de IBS/CBS fora do Simples e ajustes metodológicos para base de cálculo e inclusão de receitas intangíveis, gorjetas, juros, etc.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2027
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Proposed
Carbon Border Adjustment Mechanism (CBAM) Draft Secondary Legislation Consulted
On 10 February 2026, draft secondary legislation for the UK's Carbon Border Adjustment Mechanism was published, covering administrative provisions, registration, returns, record-keeping and rate calculation. CBAM is to take effect from **1 January 2027**, and applies to imports of certain carbon-intensive goods (e.g. cement, steel, aluminium). Firms in affected sectors must prepare for registration and compliance. Responses to the technical consultation due by 24 March 2026. ([gov.uk](https://www.gov.uk/government/consultations/draft-legislation-carbon-border-adjustment-mechanism?utm_source=openai))
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2027
- Verification
- Not recorded
Open cited source
Scope: South Korea
Proposed
근로장려세제(EITC) 지급액 및 소득요건 등 확대(안)
As part of the 2026 tax reform proposals, Korea is expanding the Earned Income Tax Credit (EITC) and child allowance system. Proposed changes include raising income eligibility thresholds for single, single-earner and dual-earner households, and increasing the maximum credit amounts so that more low-income households can benefit from these supports.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2027
- Verification
- Not recorded
Open cited source
Scope: South Korea
Status requires verification
가상자산사업자 거래자료 제출
Under law amendments, virtual asset service providers that are registered under the Specific Financial Transaction Information Act must submit, for transactions from January 1, 2027, quarterly transaction detail reports and aggregate statements by the end of the second following month after each quarter. For corporate income tax purposes, data for transactions since January 1, 2023 must also be submitted. High relevance, changes compliance burden significantly. Effective from January 1, 2027.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2027
- Verification
- Not recorded
Open cited source
Scope: Brazil
Status requires verification
CGSN atualiza regras do Simples Nacional para adequação à Reforma Tributária do Consumo
As Resoluções CGSN nº 190 e nº 191/2026 incorporam formalmente a CBS e o IBS ao regime do Simples Nacional, modificam procedimentos, criam novos prazos de opção para 2027, redefinem o cálculo da base tributável com reconhecimento pela emissão do documento fiscal, e ajustam sublimites e limites de exportação.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2027
- Verification
- Not recorded
Open cited source
Scope: Brazil
Status requires verification
Regime de caixa deixa de ser utilizado na apuração do Simples Nacional
Elimina a opção de reconhecimento da receita pelo regime de caixa para contribuintes do regime Simples Nacional; base mensal de cálculo passa a usar receita bruta no momento de emissão do documento fiscal, revogando dispositivos da Resolução CGSN nº 140/2018.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2027
- Verification
- Not recorded
Open cited source
Scope: Australia
Status requires verification
ATO to enforce CRS Schema Version 3.0 from 1 January 2027
The ATO has updated the Common Reporting Standard (CRS) schema to Version 3.0, including new validation rules. From **1 January 2027**, CRS Version 2.0 will no longer be supported; any files submitted using the old schema will be rejected. Developers and reporting entities should prepare system upgrades.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2027
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Spring Economic Update 2026: Key Measures - Employee Ownership Trust Tax Exemption & CPP Rate Reduction
As part of the Spring Economic Update 2026, the government made the Employee Ownership Trust tax exemption **permanent** and announced a lowering of the Canada Pension Plan (CPP) base contribution rate from **9.9% to 9.5%**, effective **January 1, 2027**. These measures aim to support worker-ownership, reduce payroll burden, and stimulate job creation.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2027
- Verification
- Not recorded
Open cited source
Scope: Brazil
Status requires verification
Decreto n.º 13.075/2026 – prorrogação da obrigação de emissão de documentos fiscais e inscrição no CNPJ para pessoas físicas contribuintes da CBS
O Decreto nº 13.075, de 21 de julho de 2026, alterou dispositivos do Decreto nº 12.955/2026. Prorroga para **1º de janeiro de 2027** o início da obrigatoriedade de inscrição no CNPJ e emissão de documentos fiscais por pessoas físicas contribuintes da CBS, incluindo produtores rurais. Permite maior prazo de adaptação a contribuintes, desenvolvedores de sistemas e administrações tributárias.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2027
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Spring Economic Update 2026: Key Measures including Employee Ownership Trust Exemption
In the Spring Economic Update 2026, the government made several tax policy changes: permanency for the Employee Ownership Trust tax exemption; lowering the Canada Pension Plan contribution rate from 9.9% to 9.5% effective January 1, 2027; streamlining the Disability Tax Credit; providing CGEB support , pausing fuel excise tax, among others. This update serves to codify and expand affordability, tax relief and benefit programs.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2027
- Verification
- Not recorded
Open cited source
Scope: China
Proposed
调整节能汽车、新能源汽车车船税优惠政策的公告（财政部 税务总局 工业和信息化部公告2026年第19号）
From Jan 1, 2027 the preferential vehicle-and-vessel tax policies for energy-saving and new energy vehicles—including half-rate reductions and full exemptions for EVs, PHEVs, fuel cell commercial vehicles—will be cancelled; affected taxpayers must pay full car-ship tax under regular law.
Editorial impact label: Medium to High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2027
- Verification
- Not recorded
Open cited source
Scope: South Korea
Status requires verification
거주자의 가상자산소득 과세 시행 개요
From December 2024, income from crypto gains or rentals by **resident taxpayers** will be taxed as “other income” starting **January 1, 2027**. Key rules include cost basis, deduction thresholds, rate, and special rules for crypto acquired before the policy effective date. Detailed calculation rules and exclusions are provided. Impacts all residents with virtual asset gains. Low for those without crypto exposure; high for active traders.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2027
- Verification
- Not recorded
Open cited source
Scope: Global
Status requires verification
Revised BEPS Action 5 Transparency Framework and substantial substance requirements for no- or nominal-tax jurisdictions
The OECD Inclusive Framework has adopted updates to the BEPS Action 5 transparency framework. This includes revising peer review processes and the assessment methodology, updating the Exchange on Tax Rulings (ETR) XML schema and User Guide, and, starting 1 January 2027, requiring substantial activities for preferential regimes in no- or nominal-tax jurisdictions for access to treaty-benefits and preferential regimes. These changes aim to strengthen substance requirements and reduce treaty and regime abuse. The policy impacts multinationals, holding companies in tax-favored regimes, and jurisdictions providing preferential tax regimes without real substance.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2027
- Verification
- Not recorded
Open cited source
Scope: South Korea
Status requires verification
비거주자의 가상자산소득 과세 개요
Non-residents and foreign corporations earning income from Korean-source crypto transactions (sale, exchange, lending, withdrawal) are taxed as 국내원천 기타소득 (domestic-source other income), with crypto platforms required to withhold tax. Rate structures may differ; treaty relief may apply. Effective from same crypto law enactment in December 2024 (with enforcement starting 2027).
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2027
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
More than half the U.S. States signed up to participate in the federal scholarship tax credit program enacted under the One, Big, Beautiful Bill
27 states have elected to participate in the new Federal Scholarship Tax Credit (Section 25F of the Internal Revenue Code), which enables eligible taxpayers to claim up to \$1,700 credit for contributions to Scholarship Granting Organizations (SGOs) helping elementary and secondary education. State participation is voluntary; participating states must provide lists of qualified SGOs. The program begins effective for contributions in 2027.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2027
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Reduction of the Base CPP Contribution Rate from 9.9% to 9.5%
The 2026 Spring Economic Update proposes legislative amendments effective January 1, 2027 to reduce the combined employer-employee contribution rate for the base Canada Pension Plan (CPP) from **9.9%** to **9.5%**, lowering payroll costs for both workers and employers. The rate paid by each side drops from 4.95% to 4.75%. According to the chief actuary, this change is financially supportable and is expected to provide meaningful budget relief without compromising long-term sustainability. Under this measure, an employee earning $70,000 annually would save roughly $133 per year on the employee share, with equivalent savings for the employer, totaling over $3 billion in reduced contributions across 16 million contributors each year. It’s enacted via Bill C-30.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2027
- Verification
- Not recorded
Open cited source
Scope: United States
Proposed
Treasury, IRS issue proposed regulations to make it easier for digital asset brokers to provide 1099-DA statements electronically
This policy proposes new rules enabling digital asset brokers, beginning January 1, 2027, to furnish Form 1099-DA statements electronically. It aims to reduce compliance costs, recognizing that most digital asset transactions are conducted electronically, but tightens rules around required customer notices, consent, and ongoing access to electronic statements. Entities must ensure customers are aware documents are furnished electronically and provide access. The policy does not force paper copies but offers streamlined electronic processes. Feedback (public comments) are requested for related issues including 1099-B and other statements. Implications include system updates for brokers and stronger recordkeeping by recipients.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2027
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Carbon border adjustment mechanism (CBAM): Policy Summary
UK primary legislation in Finance Act 2026 establishes CBAM, and draft secondary legislation consulted in February and April 2026 sets rules for registering, calculating emissions, applying rates, registration thresholds (eg £50,000), and returns. CBAM applies from imported goods in aluminium, cement, fertilisers, hydrogen and iron & steel sectors from **1 January 2027**.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2027
- Verification
- Not recorded
Open cited source