Scope: ASEAN
Status requires verification
Corporate Income Tax Rate, Rebates & Tax Exemption Schemes (Singapore)
Singapore’s Budget 2026 enhancements: for Year of Assessment 2026, CIT rebate increased to **50%** of Corporate Income Tax payable, cash grant raised to **S$2,000**, and overall cap increased to **S$40,000**; all companies paying CIT eligible, cash grant for those employing at least one local in 2025. These changes support cashflow and cost pressures. Also covers exemption schemes and rebate mechanisms.
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 Federal Benefits & Pre-filled/Auto-file for Low-Income Canadians
Budget 2025 proposes starting (for the **2026 tax year**) an **Automatic Federal Benefits** system that will auto-file taxes for eligible low-income individuals and provide **pre-filled returns** for up to **5.5 million Canadians by 2028**. This helps ensure access to credits and benefits such as GST/HST Credit, Canada Child Benefit, even for those who might not otherwise file returns.
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
公告2026年第21号《关于离岸信托个人所得税有关事项的公告》
This announcement clarifies that residents who transfer any property into an offshore trust and trust income during its existence are subject to China’s individual income tax (IIT) from January 1, 2026. Non-residents transferring China-sourced property into offshore trusts are likewise taxable. Key points include tax on property transfers into trusts, annual reporting of trust income even if not distributed, restrictions on deductibility of trustee/management/legal fees, and clear residence-based distinctions. The rule promotes compliance and transparency for offshore structures.
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）
Starting January 1, 2026, resident individuals placing property into offshore trusts and any income earned during the trust’s existence are required to declare and pay individual income tax on both contributions and income; penalties apply for late payment or evasion.
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（公告2026年第13号）
Effective January 1, 2026, this announcement relaxes the shareholder concordance requirements for applying special income tax treatment in mergers/divisions: resident enterprise shareholders each holding ≥5%, collectively over 50%, can apply for special treatment; exits within 12 months or drop in required agreement causes loss of benefit.
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
Guidance on the Employer Credit for Paid Family and Medical Leave under the Working Families Tax Cuts
Notice 2026-28 provides guidance on expanded eligibility, making permanent the employer credit under section 45S. Employers can now include premiums paid for PFML insurance (not just wages during leave), and may use either wage-based or premium-based method. The credit ranges from 12.5 % to 25 % of wages for up to 12 weeks of leave per taxable year.
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
Report on Federal Tax Expenditures 2026: Confirmation of Not Proceeding with Capital Gains Inclusion Rate Changes and Other Key Measures
In the 2026 Report on Federal Tax Expenditures, government confirmed it will **not proceed** with previously proposed changes to increase the capital gains inclusion rate for corporations and most trusts. It also confirmed that the Lifetime Capital Gains Exemption will be maintained at $1.25 million for eligible small businesses/farm/fishing property, and extended the Mineral Exploration Tax Credit (15%) until March 31, 2027.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: United Kingdom
Status requires verification
Reform of UK law relating to transfer pricing, permanent establishment and Diverted Profits Tax
For chargeable periods beginning on or after 1 January 2026, rules around transfer pricing (including participation condition, intangibles, financial transactions), permanent establishment criteria, and Diverted Profits Tax are modernised to tighten UK tax on cross-border related party arrangements. ([gov.uk](https://www.gov.uk/government/publications/amendments-to-uk-law-relating-to-transfer-pricing-permanent-establishment-and-diverted-profits-tax/reform-of-uk-law-relating-to-transfer-pricing-permanent-establishment-and-diverted-profits-tax?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
关于企业重组业务所得税处理有关征管问题的公告（国家税务总局公告2026年第13号）
For reorganizations (mergers, divisions) after Jan 1, 2026, resident enterprise shareholders representing **over 50%** (instead of previously 100%) may agree with the merging/dividing entities to use “special tax treatment” for their portion; special conditions include 12-month holding of obtained equity, consistency among such shareholders, else general tax treatment applies.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Russia & CIS
Status requires verification
Налоги 2026 – основные изменения в налоговом законодательстве по различным налогам
Russia’s comprehensive 2026 tax reform package under Федеральный закон № 425-ФЗ, covering changes to personal income tax (НДФЛ), VAT (НДС), simplified taxation (УСН), taxation of foreign agents, corporate profit rules, property and land tax deductions, and special regimes. Impacts include imposition of flat 30 % rate for foreign agents; reduced thresholds for VAT under УСН; revised loss carryforwards cap; expanded deductions and exemptions subject to new conditions.
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 2026-28: Guidance on the employer credit for Paid Family and Medical Leave under the Working Families Tax Cuts
Beginning in 2026, employers can use the PFML insurance-premium-based method in addition to wages paid during eligible leave. This notice provides guidance on how to elect between wage vs premium methods, how to allocate premiums, eligible types of leave, and which employers qualify.
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
Proposed Regulations on Eligible Investments for Trump Accounts (IR-2026-96)
These proposed regulations specify what investments are allowed during the Trump Account growth period (until account beneficiary turns 17), including mutual funds or ETFs tracking U.S. equity indices with no leverage and fees ≤ 0.1%. A trustee must offer eligible investments; if a beneficiary does not choose, trustee selects by default. Effective for tax years beginning on or after January 1, 2026.
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
Changes to Tax Expenditures Since the 2025 Edition (Report on Federal Tax Expenditures)
Released about **two weeks ago** in 2026, this report confirms several tax expenditure updates: the first personal income tax rate is reduced to 14.5% for 2025 and 14% for 2026 onward; extension of the Mineral Exploration Tax Credit for flow-through share investors until **March 31, 2027**; confirmation that partial inclusion of capital gains changes proposed in previous budgets **will not proceed**; the introduction of a temporary Personal Support Workers Tax Credit (5%) applicable to eligible earnings from 2026-2030; accelerated capital cost allowances for low-carbon LNG facilities; and other expenditure changes. These measures are either enacted or proposed depending on status of legislation. These are crucial for individuals and corporates engaged in exploration, clean energy, or employing personal support workers.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: South Korea
Proposed
내항선사와 장기계약을 체결한 우수 화주님의 세액을 공제해 드립니다
A new credit is introduced under the 2026 tax reform draft: cargo owners who enter into contracts of three years or more with domestic coastal ship operators (내항선사) and are certified as “우수 화주” can claim 1% **tax credit** (law or income tax). The proposal is expected to enter legislature by September 2026 and to take effect over contracts from early next year. Impact significant for manufacturers and logistics firms that frequently ship heavy raw materials.
Editorial impact label: Low
- 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 关于离岸信托个人所得税有关事项的公告
Resident individuals who transfer assets into offshore trusts or derive income through them are required, from Januar y 1, 2026, to declare and pay Individual Income Tax on both the initial asset transfer (on capital gains basis) and trust income during its term. Non-resident distributions tied to China are similarly taxed. Offshore trust structures are broadly defined, with reporting obligations and penalties for non-compliance.
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
Employer-provided child care credit: Tax Year 2026 and later
Working Families Tax Cuts expanded Section 45F. Credit cap raised from $150,000 to $500,000 (or $600,000 for eligible small businesses). Credit rate increased to 40% of qualified child care expenditures (50% for eligible small businesses). Resource & referral expenditures allowed at 10%. Applies to expenditures paid or incurred after December 31, 2025.
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
T4032 Payroll Deductions Tables – Federal tax rate changes effective January 1, 2026
Effective January 1, 2026, payroll deduction tables are updated to reflect the new lowest federal tax rate of 14% (previously 15%), with the 2025 year having a prorated 14.5% rate starting July 1, 2025. Employers should adjust withholding accordingly. Provincial tables also updated with indexed thresholds and personal amounts. The change enhances take-home pay for low-income earners.
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
Internal Revenue Bulletin: 2026-09 – Proposed Regulations: Section 45Z Clean Fuel Production Credit
Notice of proposed rulemaking REG-121244-23 clarifies implementation details for the clean fuel production credit: eligibility, emissions-rate definitions, facility ownership, foreign feedstock restrictions, registration requirements, and filing procedures. The rules affect domestic producers and pass-through entities and include definitions for ‘qualified facility’ and ‘suitable for use’ fuels, along with regulations to ensure accurate emissions certification. Public comments due by April 6, 2026, with a hearing scheduled for May 28, 2026.
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
Treasury, IRS issue proposed regulations on eligible investments for Trump Accounts under the Working Families Tax Cuts
These proposed regulations under IR-2026-96 define what investments are “eligible investments” during the growth-period of a Trump Account (before beneficiary turns 18). Eligible investments generally are mutual funds or ETFs tracking a broad U.S. equity index, with no leverage, and expense ratios no more than 0.1%. If beneficiary does not select one, trustee must provide default eligible investment. These rules apply to taxable years beginning on or after January 1, 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
Status requires verification
Casualty loss deduction expanded and made permanent
Under the One Big Beautiful Bill Act (P.L. 119-21), the personal casualty loss deduction has been made permanent starting in tax year 2026. The scope of eligible losses is expanding: losses due to state-declared disasters may now qualify (in addition to federally declared disasters), provided other requirements under Internal Revenue Code §165 are satisfied.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source