Scope: ASEAN
Status requires verification
Update to Corporate Income Tax Rebate and Rebate Cash Grant in Singapore: Enhanced for YA 2026
Singapore’s IRAS, as announced in the Budget 2026, granted a **40% CIT Rebate** for Year of Assessment 2026, extended to all companies. It also introduced a **CIT Rebate Cash Grant** for active companies that employed at least one local employee in 2025. Later, to help businesses manage cost pressures due to energy crisis, this rebate was enhanced to **50%**, and the cash grant increased to **S$2,000**, with maximum total benefit of **S$40,000**. These provisions are effective for YA 2026. Companies should ensure eligibility and file accordingly to benefit.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Japan
Status requires verification
源泉所得税の改正のあらまし（日ウクライナ新租税条約関係） (Withholding Tax Amendment under Japan-Ukraine Tax Treaty)
Japan revised its tax treaty with Ukraine (effective August 1, 2025), coming into force for withholding tax on January 1, 2026. Under the new treaty, withholding rates for dividends, interest, and royalties are significantly reduced (e.g. dividends to 5% for certain holdings). Important for Ukrainians or persons receiving payments under the treaty. High relevance for foreign investors/individuals receiving Japanese source income via Ukraine.
Editorial impact label: Medium
- 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.
Introduction of a new tax credit: purchasers (“화주”) who enter into long-term (3-year or more) contracts with domestic coastal shipping companies can deduct 1% of transportation expenses from corporate income tax (or income tax for individuals) under the 2026 tax reform proposals.
Editorial impact label: Medium
- 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 工业和信息化部关于集成电路企业、工业母机企业非货币性资产交换企业所得税政策的公告
From January 1, 2026 through December 31, 2028, integrated circuit and industrial mother machine enterprises engaging in non-monetary asset exchanges may defer recognition of gain over up to five years, spreading income evenly. Losses from such exchanges must be expensed immediately. Enterprises under list management must annually certify eligibility; non-list firms subject to verification. Alternative policies may apply as well.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Status requires verification
Internal Revenue Bulletin: Notice of Anticipated Applicability Date for Final Regulations Relating to Required Minimum Distributions
IRS Announcement 2025-2 clarifies that the final regulations updating liability for Required Minimum Distributions under section 401(a)(9) are expected to apply no earlier than the 2026 distribution calendar year. Taxpayers must use a good-faith interpretation until the final regulations are published and in effect.
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
Labour Mobility Deduction Amendment: Increased Limit and Reduced Distance for Eligible Temporary Relocation
This change amends paragraph 8(1)(t) and subparagraph 8(14)(c)(v) of the Income Tax Act to increase the yearly maximum deduction for the Labour Mobility Deduction (for eligible tradespeople and apprentices in construction) from **$4,000 to $10,000** (indexed to inflation after 2026), and reduce the required distance between ordinary residence and work location from 150 km to **120 km**. It widens eligibility and increases the relief for those travelling for temporary construction work. Applies for taxation years beginning in 2026 and onwards.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: ASEAN
Status requires verification
Corporate Income Tax (CIT) Rebate Enhancements and CIT Rebate Cash Grant under Singapore Budget 2026
Budget 2026 in Singapore raised the CIT Rebate & Cash Grant for Year of Assessment 2026. Eligible companies now receive a rebate of **50%** of corporate tax payable (up from 40%), a minimum cash grant of **S$2,000** for those employing at least one local staff in 2025, and a cap on total benefits (rebate + grant) of **S$40,000**. Applicable to both resident and foreign companies (excluding certain incomes under final withholding or concession rates).
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
Отмена административной ответственности за несвоевременную сдачу «нулевых" деклараций в РФ
С поправками к статье 119 Налогового кодекса РФ, в силу с 2026 года отменена административная ответственность (штраф) за несвоевременное представление налоговых деклараций с нулевыми показателями. Однако налоговые органы сохраняют право приостановить операции по банковским счетам, если декларация не поступит в течение 20 рабочих дней после срока представления по статье 76 НК РФ.
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
Announcement 2026-7: Applicability of Final RMD Regulations under Section 401(a)(9)
The IRS announced that certain final regulations amending required minimum distribution rules (sections 1.401(a)(9)-4, 1.401(a)(9)-5, and 1.401(a)(9)-6) will apply no earlier than the 2026 distribution calendar year. Until then, taxpayers should apply a reasonable, good-faith interpretation of statutory provisions. Helps clarify timing for RMD compliance under SECURE 2.0 and proposed regulations.
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
Government Announces the 2026 Automobile Deduction Limits and Expense Benefit Rates for Businesses
The federal government updated effective January 1, 2026: raised the ceiling for capital cost allowance (CCA) for Class 10.1 passenger vehicles from $38,000 to $39,000; increased per-kilometre employer-paid auto expense allowance rates by one cent (provinces first 5,000 km at $0.73/km, additional km $0.67; territories $0.77/$0.71); other limits such as leasing cost ceilings and prescribed benefit rates remained unchanged.
Editorial impact label: Medium
- 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（公告2026年第21号）
Clarifies tax treatment on establishment, income during existence, and termination of offshore trusts involving resident and non-resident individuals; imposes 20% rate on property transfer income as well as dividends, interest, and trust income; includes compliance deadlines and anti-avoidance measures. Effective from Jan 1, 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
财政部 税务总局 住房城乡建设部公告2026年第3号 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
Extends personal income tax refund policy for residents who sell their home and repurchase within one year in the same city; full refund if new purchase value ≥ sale, proportional refund otherwise. Policy period Jan 1, 2026 through Dec 31, 2027.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Status requires verification
Budget 2025 — Overview of tax legislation and rates (OOTLAR)
UK Budget 2025 introduces multiple legislative changes effective from 1 February 2026 (and beyond), including expansion of Enterprise Management Incentive (EMI) scheme limits, new first-year capital allowances (40% allowance for main rate expenditure), reduction of main rate writing-down allowances from 18% to 14%, and restoration of unmodified whole-entity VAT grouping rules. These have high impact for businesses, especially in entity setup, capital investment, and VAT planning. Status: Enacted / Becoming Effective per schedule.
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
Registered plans limits for 2026 (TFSA, RRSP, Pension plans)
Canada Revenue Agency has set 2026 limits for registered savings plans: TFSA annual dollar limit is $7,000; RRSP contribution limit is $33,810; Money Purchase Plan limit is $35,390; Defined Benefit limit $3,932.22; YMPE $74,600; YAMPE $85,000; Advanced Life Deferred Annuity (ALDA) limit $180,000.
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
Notice 2026-6: Extension of Transition Period to Calendar Year 2026 for Certain Requirements in Revenue Ruling 2025-4
IRS Notice 2026-6 extends through calendar year 2026 the transition period for States administering paid family and medical leave programs and employers participating in such programs with respect to medical leave benefits paid by States that are due to employer contributions. Under Revenue Ruling 2025-4, such benefits are included in employee gross income and considered wages for Federal tax and reporting purposes. The extension gives additional time to comply and system-update before full enforcement. ([irs.gov](https://www.irs.gov/irb/2026-02_IRB?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: Canada
Status requires verification
Reduction of the lowest federal income tax rate from 15% to 14%
Enacted via legislation introduced by the Notice of Ways and Means Motion in May 2025, the lowest federal rate for taxable income up to $58,523 is reduced to 14% effective January 1, 2026, with intermediate and higher brackets unchanged. This affects all taxpayers in that bracket including freelancers, small business owners, and Swiss residents.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Brazil
Status requires verification
Receita Federal orienta sobre recolhimento do imposto retido na fonte sobre lucros e dividendos
Manual em forma de Perguntas e Respostas esclarece regras, obrigações acessórias e prazos vigentes desde janeiro de 2026 para IRRF sobre lucros e dividendos pagos a pessoas físicas residentes e não residentes. Inclui obrigação para pessoas jurídicas pagadoras de informar pagamentos na EFD-Reinf, com evento R-4010, e critérios para retenção quando valor tributável mensal acima de R$ 50.000.
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
Capital allowances: new first-year allowance and reducing main rate writing-down allowances
Introduces a permanent 40% first-year allowance for main-rate plant & machinery expenditure incurred on or after 1 January 2026, while reducing the main rate Writing-Down Allowance (WDA) from 18% to 14% (for Corporation Tax from 1 April 2026, for Income Tax from 6 April 2026). Excludes special-rate expenditure, cars, second-hand assets, etc. Impacts both corporate and unincorporate entities.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: USA
Status requires verification
Health Savings Account (HSA) reforms under the One, Big, Beautiful Bill Act of 2025
Permanent tax law changes under the One, Big, Beautiful Bill allow telehealth and remote care services before meeting the high-deductible health plan deductible, make bronze and catastrophic plans HSA-compatible, and allow direct primary care fees to be paid tax-free through HSA accounts—for plan years starting Jan 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
2026 Automobile Deduction Limits and Expense Benefit Rates for Businesses
Starting January 1, 2026, Canada increased limits on automobile deductions and expense benefit rates. Key changes include raising the capital cost allowance (CCA) ceiling for Class 10.1 passenger vehicles from $38,000 to $39,000, boosting per-kilometre allowances for business use of personal vehicles (with provincial/territorial variations), while leaving other rates (e.g. leasing ceilings, zero-emission vehicle CCA, interest deductions) unchanged. This affects business tax deductions for vehicle-related expenses.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source