Scope: China
Status requires verification
关于企业重组业务所得税处理有关征管问题的公告
From 2026-01-01, resident enterprise shareholders holding more than 50% shares (instead of 100%) can agree to special tax treatment in M&A reorganisations such as mergers and splits. Broader shareholder types allowed; obligations include shareholder continuity (12-month holding), senior shareholders (>5% in top ten) alignment. This eases the threshold for applying special tax deferrals and simplifies compliance.
Editorial impact label: Medium-High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Proposed
Treasury, IRS issue proposed regulations on the new remittance transfer tax established under the One, Big, Beautiful Bill
This policy introduces proposed regulations clarifying definitions and rules for the new 1% excise tax (remittance transfer tax) on certain remittance transfers under the One, Big, Beautiful Bill. Beginning January 1, 2026, senders using physical instruments (cash, money orders, cashier’s checks, etc.) will owe a 1% tax; remittance providers must collect from senders, make semimonthly deposits, and file quarterly Form 720 returns. Providers not collecting the tax become liable for it. Comments on the proposed regulations are due by June 12, 2026.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Proposed
Extended tax deferral period for livestock producers affected by 2024 and 2025 bovine tuberculosis events
The Government of Canada proposes amendments to the Income Tax Act to extend the income tax deferral period for producers in Alberta, Saskatchewan, and Manitoba who received compensation for animals destroyed under the Health of Animals Act due to bovine tuberculosis. Currently limited to one-year deferral under section 80.3, the proposed schedule allows deferral from 2026 to 2030 on a prescribed schedule.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Latin America
Status requires verification
Exención de rentas de inmuebles destinados a casa-habitación en Argentina
El Decreto Nº 406/2026 modifica la Ley del Impuesto a las Ganancias para eximir las ganancias derivadas del alquiler o transferencia de inmuebles destinados a casa-habitación, siempre que se cumplan los requisitos para ser vivienda única, familiar y de ocupación permanente, aplicable a períodos fiscales que inicien a partir del 1 de enero de 2026.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: China
Status requires verification
国家税务总局关于企业重组业务所得税处理有关征管问题的公告
This policy optimizes income tax treatment for corporate reorganizations: from 2026-1-1, resident enterprise shareholders holding ≥50% (down from 100%) can agree to ‘special tax treatment’ for mergers or splits, deferring recognition of income gains. Other shareholders or portions not agreeing must follow general treatment. Key conditions include that resident enterprise shareholders ≥5% stake and the top ten must agree, and they must hold their shares for 12 months post-reorg. ([fgk.chinatax.gov.cn](https://fgk.chinatax.gov.cn/zcfgk/c100012/c5251155/content.html?utm_source=openai))
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: China
Status requires verification
财政部 税务总局 住房城乡建设部关于延续实施支持居民换购住房有关个人所得税政策的公告
From January 1, 2026 through December 31, 2027, taxpayers who sell their owned home and within one year repurchase another in the same city can apply for refund of IIT paid on the sale; full refund if new purchase ≥ sale price, proportional otherwise. Requires proof of contracts, ownership, same city, etc. ([gs.mof.gov.cn](https://gs.mof.gov.cn/zhengcefagui/202606/t20260601_3990935.htm?utm_source=openai))
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Proposed
Extended tax deferral period for livestock producers affected by 2024-25 bovine tuberculosis
Government proposes amendments to the Income Tax Act to allow affected livestock producers in Alberta, Saskatchewan, and Manitoba who received compensation under the Health of Animals Act due to the 2024-25 bovine tuberculosis events to **defer income inclusion** of compensation over a schedule from **2026 through 2030** instead of the current one-year deferral, easing income and cash-flow spikes.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
IRS sets 2026 business standard mileage rate at 72.5 cents per mile, up 2.5 cents
Notice 2026-10 increases the IRS optional standard mileage rate for business to 72.5¢/mile (up 2.5¢), adjusts medical and moving rates to 20.5¢/mile (down 0.5¢), keeps charitable rate at 14¢; also establishes $61,700 as the maximum fair market value for employer-provided vehicles for fleet-average and cents-per-mile valuation methods.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Brazil
Status requires verification
Decreto nº 13.075 — Prorroga obrigatoriedade de inscrição no CNPJ e emissão de documentos fiscais por pessoas físicas contribuintes da CBS para 1º de janeiro de 2027
This decree delays to 1 January 2027 the requirement that individuals (pessoas físicas) who are contributors or responsible under the CBS must register in the CNPJ and issue fiscal documents under CBS rules. It provides extra adaptation time; until 31 December 2026, existing non-CNPJ identification mechanisms remain valid.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
Automatic tax filing services for eligible Canadians starting in tax year 2026
Under Budget 2025, the CRA is implementing automatic tax filing (often called “deemed filing”) authority for individuals who meet certain eligibility criteria (e.g., simple tax situation, no tax owing) beginning with the **2026 tax year**. Also expanded are simplified filing options (SimpleFile by phone, digital, or paper) for lower-income and non-filers to help them access benefits and credits without manually filing.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Brazil
Status requires verification
Decreto nº 13.075, de 21 de julho de 2026
Prorroga para 1º de janeiro de 2027 a obrigatoriedade de inscrição no CNPJ e emissão de documentos fiscais por pessoas físicas contribuintes ou responsáveis sob a CBS, inclusive produtores rurais, alterando o Decreto n.º 12.955 de 29 de abril de 2026. Até 31 de dezembro de 2026, continuam válidos os mecanismos atuais de identificação fiscal para pessoas físicas nas hipóteses regulamentadas pela CBS.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
Notice of 2026-25: Adjusted Housing Limitations for Section 911 for 2026
For tax year 2026, the IRS has updated the housing cost amount limits under § 911. The base housing amount (minimum threshold) is 16% of the FEIE ($132,900), or $21,264 full-year, and the maximum housing expense generally capped at 30% (i.e. $39,870). Geographic adjustments apply to specific foreign locations.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Status requires verification
What’s new – Savings and pension plan administration
CRA updates recent changes affecting registered savings and pension plan limits and administration, including TFSA, RRSP limits, Advanced Life Deferred Annuity (ALDA) limits, and guidelines for plan administrators.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
Determination of Housing Cost Amounts Eligible for Exclusion or Deduction for 2026 (Notice 2026-25)
Notice 2026-25 adjusts the base housing amount and housing expenses cap under IRC § 911 for foreign housing exclusion/deduction. For full tax years in 2026, the base housing amount is set at 16% of the FEIE ($132,900), equivalent to $21,264; housing expenses subject to exclusion/deduction are limited to 30% of FEIE, or $39,870.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
Revenue Procedure 2026-15: Depreciation Limitations for Passenger Automobiles Placed in Service in Calendar Year 2026
This revenue procedure (Rev. Proc. 2026-15) establishes updated dollar limits for depreciation deductions for passenger automobiles placed in service in 2026. It includes limits for vehicles eligible for § 168(k) bonus depreciation and those not eligible, specifies amounts for each taxable year (1st through succeeding), and provides the tables lessees use for income inclusion for leased vehicles. Significance: it affects the timing and amount of depreciation deductions that businesses and individuals may claim, influencing vehicle purchase decisions and tax liability.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Status requires verification
Internal Revenue Bulletin 2026-17: Adjustment to Section 911 housing amounts for foreign earned income exclusion.
Notice 2026-25 updates the foreign housing base amount and maximum eligible housing expenses (housing amount limitations) for tax year 2026 tied to the FEIE, reflecting inflation adjustments and geographic‐specific cost multipliers.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Proposed
REG-105064-25 Proposed Regulations for Electronic Furnishing of Form 1099-DA Statements
Under REG-105064-25, Treasury & IRS propose allowing brokers to furnish 1099-DA digital asset statements electronically instead of on paper. Key new rules: customers may have to consent to electronic delivery; enhanced notice and delivery obligations; broker firms may terminate relationship if consent isn’t provided; they must retain access for customers; applies to digital asset brokers and other specified persons. These regulations intend to streamline filings for digital asset transactions under the One, Big, Beautiful Bill.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Proposed
REG-117270-25 Proposed Regulations Relating to Trump Accounts
These proposed regulations implement section 530A of the Internal Revenue Code introduced by Public Law 119-21 (the One, Big, Beautiful Bill). They provide guidance on how to make an election to open an initial Trump account for an eligible child, define the eligible individuals, responsible parties, filing & election procedures (including Form 4547), outline contribution limits ($5,000/year) and employer contribution rules, investments allowed during the growth period, and how the account behaves after the child turns 18. The regulations apply to taxable years beginning on or after January 1, 2026. A public comment period is open (comments and hearing requests due by May 8, 2026).
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: United States
Proposed
IRS issues proposed regulations for Trump Accounts pilot program, Treasury Department to deposit $1,000 into the account of each eligible child
These proposed regulations implement sections 530A and 6434 of the Internal Revenue Code under the One, Big, Beautiful Bill Act. They provide guidance for establishing Trump Accounts for eligible children, rules governing the pilot contribution of $1,000 from the Secretary of Treasury for qualifying children, definitions of eligible children, and the election process (Form 4547). These rules are proposed and public comments are sought.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: China
Status requires verification
关于离岸信托个人所得税有关事项的公告 财政部 税务总局公告2026年第21号
From 1 January 2026, Chinese resident individuals placing assets into overseas trusts (or equivalent arrangements) and the income generated by such trusts—regardless of whether distributions are made—must declare and pay Individual Income Tax; non-residents must similarly declare gains on China-sourced property transferred into trusts. The announcement defines offshore trusts, timing and rates, source rules, penalties, and reporting deadlines.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source