Scope: India & South Asia
Status requires verification
Notification No. 80/2026 – TDS Exemption for Specified Payments to Eligible IFSC Units (India)
CBDT has notified that specified payments such as **interest, dividends, professional fees, commission, brokerage, and other financial service income** received by eligible IFSC Units will be **exempt from TDS** under the Income-tax Act, 2025. The exemption is prospective from **1 April 2026**, offering relief for IFSC Units engaged in financial services, provided they follow election/formal declaration procedures.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Changes to Gambling Duties
Remote Gaming Duty increased from 21% to 40% from 1 April 2026; Bingo Duty abolished from same date; new remote betting rate of 25% introduced from 1 April 2027 with remote bets on UK horse-racing remaining at 15%.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Confirmation of Budget package and the Non-Domestic Rating Multipliers for 2026/2027
Business rates multipliers for England in 2026-27 set with reduced multipliers for RHL properties under £500,000 RV, introduction of high-value multiplier for properties £500,000+, and transitional relief/support to ease impact.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2026
- Verification
- Not recorded
Open cited source
Scope: India & South Asia
Status requires verification
Notification No. 75/2026 – Non-Deduction of TDS on Ship Lease Rent to IFSC Units under Section 147 (India)
Under Section 147 of the Income-tax Act, 2025, no tax shall be **deducted at source (TDS)** on **ship lease rent** payments made to qualifying IFSC Units. This benefit is designed to promote IFSC leasing activity and became effective from **1 April 2026**.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Extended excise duty relief for small breweries and cap on inflation adjustment for alcohol excise
Effective April 1, 2026, the federal government extended a 2% cap on the inflation adjustment of excise duties for beer, wine, and spirits for an additional two years. Also continuing the 50% reduction in excise duty on the first 15,000 hectolitres of beer brewed in Canada, giving significant tax and cost relief to small and craft breweries.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2026
- Verification
- Not recorded
Open cited source
Scope: India & South Asia
Status requires verification
Income-tax (Third Amendment) Rules, 2026: Introduction of ITR-BN and Appendix IV for Search & Requisition Cases (India)
Notification No. 97/2026 [F. No. 370142/11/2026-TPL] by CBDT introduces a new form, **Form ITR-BN**, and amends Rule 332 by inserting **Appendix IV** to govern income-tax returns for those subject to **search and requisition** measures. These changes are part of the Income-tax (Third Amendment) Rules, 2026, and came into force from 1 April 2026 for returns filed for AY 2026-27 onwards.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Income Tax (Digital Obligations) Regulations 2026
Enacted regulations that require most unincorporated businesses and landlords to keep digital records, send quarterly digital updates, and file an annual digital return via MTD-compatible software. The rules took effect on 1 April 2026, with exemptions for certain categories. This shifts tax reporting from an annual basis to more frequent digital obligations. Impacts threshold income levels and software use.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
What’s new for corporations — British Columbia temporary refundable manufacturing and processing investment tax credit
British Columbia introduces a new temporary refundable investment tax credit effective April 1, 2026, for Canadian-controlled private corporations investing in buildings and machinery used in manufacturing and processing in BC. Also, book publishing and film/TV tax credits are made permanent; claim deadline extensions and removal of certain filing certificate requirements.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
Treasury and IRS Announce Tax Filing Relief to DHS Personnel
Provides a 30-day automatic extension (to May 15, 2026) for DHS personnel affected by the Senate/House-controlled shutdown , waiving penalties and interest for late filing and tax payments for this group.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada (British Columbia)
Status requires verification
British Columbia Manufacturing & Processing Investment Tax Credit Effective April 1, 2026
A new temporary refundable investment tax credit in British Columbia, Canada, effective April 1, 2026, for Canadian-controlled private corporations. Applies to investment in buildings and machinery/equipment used for manufacturing/processing. Subject to legislative exclusions and expenditure limits.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2026
- Verification
- Not recorded
Open cited source
Scope: India & South Asia
Status requires verification
Notification No. 74/2026: Non-Deduction of TDS on Aircraft Lease Rent Paid to IFSC Units under Section 147 of Income-tax Act, 2025 (India)
Notification No. 74/2026 specifies that lessees shall not deduct TDS on lease or supplemental lease rent paid to IFSC units for aircraft, subject to the lessor furnishing a statement-cum-declaration (Form 1(N)) covering twenty consecutive tax years. Lessor opting for section 147 deduction, lessee must furnish particulars of payments in TDS statement. Comes into force from 1 April 2026.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Japan
Status requires verification
令和 8年度税制改正の大綱（大幅な設備投資促進および賃上げ促進税制見直し等を含む）
The FY 2026 tax reform (“令和8年度税制改正の大綱”) introduces several major changes in personal, corporate, consumption, and international taxation: including lowering the threshold for “very high income” additional taxation to ¥165 million, raising that marginal rate to 30 %; expanding consumption tax on low-value imports and stepping up platform obligations; increasing deductions like the basic exemption and salary income deduction in response to inflation; tightening rules on incentives and foreign subsidiary inclusion under global minimum tax rules. These reforms significantly affect high-income individuals, multinational corporations, and those engaged in cross-border digital services.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2026
- Verification
- Not recorded
Open cited source
Scope: India & South Asia
Status requires verification
Income-tax (Third Amendment) Rules, 2026 — Introduction of Form ITR-BN and Amendment to Rule 332 by Inserting Appendix IV (India)
The Central Board of Direct Taxes (CBDT), via Notification No. 97/2026 [F. No. 370142/11/2026-TPL], has notified the Income-tax (Third Amendment) Rules, 2026. These introduce a new return form ITR-BN and amend Rule 332 by inserting Appendix IV to govern returns in search and requisition cases, with effect from 1 April 2026 (Assessment Year 2026-27 onward).
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
EDN106 Cigarette inventory tax on April 1, 2026
A cigarette inventory tax will apply to all stock of duty-paid or special-duty-paid cigarettes held at 12:01 am on April 1, 2026. The rate is $0.00382 per cigarette (or $0.764 per carton of 200). Small retailers holding 30,000 or fewer cigarettes are exempt. Filing of Form B273 and payment are due by May 31, 2026. Applies broadly across distribution chain and requires careful inventory tracking.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
EDN105 Adjusted rates of excise duty on tobacco products effective April 1, 2026
Under the Excise Act, 2001, Canada annually adjusts excise duty rates on tobacco products based on the Consumer Price Index. Effective April 1, 2026, rates will increase for cigarettes, tobacco sticks, cigars, manufactured tobacco, traveller’s tobacco, and other related products, excluding raw leaf tobacco. These changes affect manufacturers, importers, retailers and require updated reporting and payments. Ensures exchequer reflects inflationary pressures on public health-related sin taxes.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Proposed
Notification of Uncertain Tax Treatment (UTT) regime extension consultation
UK government proposal as of March 2026 to broaden scope of UTT regime: to include individuals and trusts, add taxes such as SDLT, NICs, CIS, IHT, CGT; introduce additional trigger; legislation expected in upcoming Finance Bill; applies to returns filed after 1 April following enactment.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Japan
Status requires verification
令和８年度税制改正の大綱（所得税関係）
The FY2026 tax reform major outline introducing increased **basic deduction**, higher minimum employment income deduction, reforms to foreign subsidiary CFC rules including paper-company exception removal, tightened effective tax rate tests, platform taxation for e-commerce, and significant adjustments to sales, consumption, and travel taxes.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Enhancing HMRC’s powers and sanctions against tax adviser facilitated non-compliance
From 1 April 2026, the UK Government will introduce enhanced powers and sanctions to tackle tax advisers who facilitate non-compliance. This measure is part of the Budget 2025-26 and will be legislated in the Finance Bill 2025-26. Implications include greater liability for advisers, more scrutiny of promoted schemes, and increased risk for clients using aggressive structures. Legislative change becomes **effective 1 April 2026**. Impact is **High**.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Government response: remote gambling duties changes
Remote Gaming Duty increased from 21% to 40% from 1 April 2026; Bingo Duty abolished from that date; new remote betting rate of 25% from 1 April 2027, with remote bets on UK horseracing excluded and taxed at 15%.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Canada Revenue Agency’s 2026-27 Corporate Business Plan
Sets out CRA priorities for 2026-27, including automatic tax filing for individuals with simple returns, phasing out certain housing and luxury taxes, greater focus on clean economy credits and SR&ED eligibility expansion, and reinforcing compliance, transparency including international reporting and the global minimum tax.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Apr 1, 2026
- Verification
- Not recorded
Open cited source