Scope: United States
Status requires verification
Treasury, IRS Provide Guidance for Certain Energy Tax Credits Regarding Material Assistance by Prohibited Foreign Entities under the One, Big, Beautiful Bill
Notice 2026-15 provides guidance for taxpayers to determine whether qualified facilities (under §§45Y, 48E, 45X) are receiving “material assistance” from a prohibited foreign entity (PFE), which would disqualify them from certain energy and advanced manufacturing tax credits. It sets interim safe harbors, example calculations, and requests comments on definitions and anti-circumvention rules. Taxpayers may rely on this guidance while proposed regulations are developed. ([irs.gov](https://www.irs.gov/newsroom/treasury-irs-provide-guidance-for-certain-energy-tax-credits-regarding-material-assistance-provided-by-prohibited-foreign-entities-under-the-one-big-beautiful-bill?utm_source=openai))
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Feb 12, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Status requires verification
IRS issues guidance for energy tax credits under OBBB regarding prohibited foreign entities
The U.S. Treasury and IRS issued Notice 2026-15 providing interim guidance under the One, Big, Beautiful Bill for clean electricity credits (Section 45Y), investment credits (48E), and advanced manufacturing credits (45X). It clarifies how to determine whether a qualified facility or eligible component receives material assistance from a prohibited foreign entity (PFE), offering safe harbor cost-ratio tests, required documentation, and example calculations. These rules significantly affect eligibility of energy credits.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Feb 12, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
Expansion of IRS Tax Pro Account for business-level CAF management
IRS released IR-2026-22: as of February 9, 2026, tax professional firms that operate as business entities with a business CAF number gain access to enhanced digital tools via the Tax Pro Account: linking CAF to EIN, managing which employees are authorized, viewing taxpayer information under authorizations, and withdrawing authorizations—all aimed at streamlining authorization and reducing paper filings.
Editorial impact label: Low
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Feb 9, 2026
- Verification
- Not recorded
Open cited source
Scope: U.S.
Status requires verification
IRS Announces Next Expansion of Tax Pro Account to Support Tax Professional Businesses
The IRS expanded its Tax Pro Account program to allow business entities (accounting firms, tax-prep companies) to use business CAF numbers, delegate employee access, and manage client authorizations digitally. This reduces reliance on paper and streamlines authorization and administrative efficiency for tax professionals.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Feb 9, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
IRS announces next expansion of Tax Pro Account to support tax professional businesses
The IRS broadened its Tax Pro Account features to allow tax preparation businesses to manage business-level authorizations, link Centralized Authorization File (CAF) relationships to EINs, and view/withdraw authorizations under business CAF—reducing paperwork, improving efficiency. Effective immediately for firms that use business CAFs.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Feb 9, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
IRS announces next expansion of Tax Pro Account to support tax professional businesses (IR-2026-22)
The IRS expanded the Tax Pro Account to allow **tax professional businesses** that use a **business‐level Centralized Authorization File (CAF)** to manage authorizations digitally. Business representatives can designate authorized employees under the business CAF, link the business CAF to the firm's EIN, view taxpayer info associated with the business CAF, and withdraw active authorizations. Sole proprietorships and practices without business CAFs are not affected.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Feb 9, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Status requires verification
IRS expands Tax Pro Account to business-level digital capabilities
IRS announced that Tax Pro Account tools are expanding to serve business-level users—accounting firms, tax prep companies—to provide better digital services and dashboards. This shift aims to streamline communication, improve service, and reduce friction for tax professionals working with multiple clients.
Editorial impact label: Low
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Feb 9, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
CRA account users are encouraged to add a backup multi-factor authentication option
Canada Revenue Agency will require CRA account users who don’t already have a backup MFA option to enrol a second method (authenticator app, passcode grid or phone) when signing in; users may skip this step during tax-filing season. This change strengthens security, reduces lockouts, and protects access to tax services.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Feb 9, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Proposed
Treasury, IRS issue proposed regulations on the Clean Fuel Production Credit
IR-2026-20 proposes rules implementing changes under the One, Big, Beautiful Bill to Section 45Z, including extending the credit through 2029, restricting feedstocks to US, Canada or Mexico, removing special rate for sustainable aviation fuel, adding prohibited foreign entity restrictions, broadening sale attribution, and strengthening anti-abuse rules. Public hearings and comment periods are open.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Feb 3, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Proposed
Treasury, IRS issue proposed regulations on the clean fuel production credit under the One, Big, Beautiful Bill
Proposed rules clarify eligibility for the Section 45Z clean fuel production credit: limitations on feedstock source (US, Mexico, Canada), elimination of negative emission rates (except manure-derived), restrictions on foreign entities; helps producers calculate credit and satisfy registration and certification requirements.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Feb 3, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Proposed
Proposed regulations for clean fuel production credit under Section 45Z
The IRS published proposed regulations implementing changes under OBBB for domestic clean fuel producers. Key changes include stricter feedstock sourcing (limited to U.S., Mexico, Canada), PFE restrictions, emission-rate rules, attribution of sales via intermediaries, clarified certification and registration requirements, and elimination of special rates for sustainable aviation fuel.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Feb 3, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Renewed Funding for Free Tax Clinics (CVITP)
The Community Volunteer Income Tax Program (CVITP) is receiving renewed federal funding for three years (from 2026 onwards). The program supports community organizations to provide free tax clinics to eligible individuals with modest incomes and simple tax situations, helping them access the benefits, credits and refunds they are entitled to.
Editorial impact label: Low
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Feb 3, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Companies House Changes to UK company law: Outline transition plan for ECCT Act 2023
Under the Economic Crime & Corporate Transparency Act 2023, major reforms to Companies House include mandatory identity verification for directors and PSCs, new fee increases effective 1 February 2026, restrictions on overseas companies acting as corporate directors (from no earlier than November 2026), and stronger compliance measures for agents and registrants. These are structured on a multi-year timeline with transitional periods.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Feb 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Proposed
Government launches consultation on draft legislative proposals for previously announced and technical tax measures
The Canadian government has issued draft legislative proposals covering multiple tax changes from Budget 2025 and earlier, including amendments to the Income Tax Act to expand anti-avoidance rules, winding-down of Canada Carbon Rebate payments after October 30, 2026, immediate expensing for manufacturing/processing buildings used before 2030, technical amendments to the Clean Hydrogen and CCUS investment tax credits, and clarifications on global minimum tax rules.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 29, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Proposed
Consultation launched on draft legislative proposals for Budget 2025 tax measures
Government released draft proposals to implement previously announced and technical tax changes: Clean Hydrogen, CCUS tax credits, expensing of manufacturing/processing buildings, anti-avoidance rules, reporting requirements, global minimum tax amendments, etc.; feedback invited until February 27, 2026.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 29, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Proposed
Consultation on draft legislative proposals to implement certain tax measures announced in Budget 2025 or earlier
Released draft legislation for measures including immediate expensing for manufacturing/processing buildings, technical amendments to hydrogen, CCUS and global minimum tax, qualified registered plan investments, reporting by non-profits, tax avoidance rules (hybrid mismatch), eligible exploration activities. Feedback invited before proposals become law.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 29, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Proposed
Government launches consultation on draft legislation for previously announced and technical tax measures
Canada’s Department of Finance opened consultations to clarify previously announced changes under Budget 2025, aiming to improve clarity, address tax avoidance, and refine rules—especially related to investment rules for registered plans and technical amendments to the Income Tax Act.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 29, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Proposed
Consultation on draft legislative proposals for previously announced and technical tax measures
Government of Canada released draft legislative proposals implementing a range of Budget 2025 and earlier tax measures: clarifying rules for registered plans, expanding anti-avoidance for trust-to-trust transfers, winding down fuel charge proceeds return, immediate expensing for manufacturing/processing buildings, and technical amendments to investment tax credits. Implications include changes for corporations, non-profits, and individuals to prevent avoidance and align incentives with clean growth.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 29, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Proposed
Government launches consultation on draft legislation for previously announced and technical tax measures
On January 29, 2026, draft legislative proposals were released to implement a suite of tax changes (Budget 2025 and earlier): qualified investments for registered plans; expanding anti-avoidance trust-to-trust rules; winding down Canada Carbon Rebate payments after October 2026; immediate expensing for manufacturing/processing buildings; clarifications to Canadian exploration expense; global minimum tax technical amendments; others.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 29, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Proposed
Canada Budget 2025: Consultation on draft legislative proposals for technical tax measures
Canada’s Department of Finance has launched consultations to implement several previously announced tax measures: including immediate expensing for manufacturing/processing buildings; Clean Hydrogen investment tax credit amendments; trust transfer anti-avoidance; and income deferral via tiered corporate structures. The consultations invite stakeholder feedback before legislation is finalized.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 29, 2026
- Verification
- Not recorded
Open cited source