Scope: United States
Status requires verification
Extension of Transition Period to Calendar Year 2026 for Certain Requirements in Revenue Ruling 2025-4 (Paid Family and Medical Leave)
The IRS issued Notice 2026-6, extending through calendar year 2026 the transition relief for states with Paid Family and Medical Leave statutes; specifically delaying enforcement of income and employment tax withholding, reporting, and penalties related to medical leave benefits attributable to employer contributions for that year.
Editorial impact label: Medium
- 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 & Reduced Writing-Down Rate
Budget 2025 introduced a new **40% first-year allowance (FYA)** for main-rate plant & machinery expenditure incurred from **1 January 2026**, and reduced the **main rate writing-down allowance (WDA)** from 18% to 14% (from 1 April 2026 for corporation tax, 6 April 2026 for income tax). The changes aim to accelerate upfront relief for investment, especially benefiting unincorporated businesses and leasing providers. ([gov.uk](https://www.gov.uk/government/publications/new-first-year-allowance-and-main-rate-of-writing-down-allowances/capital-allowances-new-first-year-allowance-and-reducing-main-rate-writing-down-allowances?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 住房城乡建设部公告2026年第3号 支持居民换购住房有关个人所得税政策
From January 1, 2026 through December 31, 2027, individuals selling owned housing and purchasing new housing in the same city within one year may apply for refund of personal income tax paid upon selling the former home. The refund is full if the new home costs ≥ old; otherwise proportional by ratio of prices.
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
Budget 2025: Medical Expense Tax Credit vs Home Accessibility Tax Credit change
For taxation years 2026 and after, expenses claimed under the Medical Expense Tax Credit (METC) cannot also be claimed under the Home Accessibility Tax Credit (HATC). Taxpayers will need to choose only one credit per eligible expense.
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
Permanent Expansion of Employer Credit for Paid Family and Medical Leave under WFTC
Working Families Tax Cuts permanently expands the PFML employer credit in Section 45S: broader eligibility (employees with six months of service, part-time workers working 20 hours or more/week), ability to claim based on premiums paid for leave insurance, or wages paid during leave, with election between methods, effective for taxable years beginning in 2026.
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
Proposed Regulations on Eligible Investments for Trump Accounts Under Working Families Tax Cuts
IRS and Treasury propose regulations governing what kinds of investments Trump Accounts (new type of traditional IRA under WFTC) may hold during the growth period (until the account beneficiary turns age 18). Restrictions include fee caps (no more than 0.10 %), mutual or index-tracking ETFs, no leverage. Applies to tax years beginning Jan 1, 2026; comments requested by October 20, 2026.
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
Business investment boosted with new tax relief taking effect today
From 1 January 2026 the UK introduces a **40% first-year allowance** for main-rate plant and machinery, allowing businesses to claim a larger upfront deduction; simultaneously the main rate writing-down allowance drops from 18% to 14%. This enhances capital allowances and boosts investment incentives. It is a permanent relief.([gov.uk](https://www.gov.uk/government/news/business-investment-boosted-with-new-tax-relief-taking-effect-today?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
Proposed
Personal Support Workers Tax Credit Introduced in Notice of Ways and Means Motion (Budget 2025)
Budget 2025 proposes a new refundable tax credit for eligible personal support workers, equal to 5% of eligible remuneration up to a maximum credit of $1,100, for taxation years 2026 through 2030.
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
Expanded Availability of Health Savings Accounts under the One, Big, Beautiful Bill Act (OBBBA)
Notice 2026-5 provides guidance on changes under section 223 expanding eligibility for Health Savings Accounts: bronze and catastrophic health insurance plans are now HSA-compatible, telehealth allowed before meeting deductible, and certain direct primary care arrangements covered. These changes give more taxpayers ability to contribute to HSAs and access tax-free reimbursements.
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
Proposed exclusions of Medical Expense Tax Credit expenses from Home Accessibility Tax Credit
Starting January 1, 2026, under new legislation proposed in Budget 2025, expenses claimed under the Medical Expense Tax Credit (METC) cannot also be claimed under the Home Accessibility Tax Credit (HATC) for the same expense. The change amends definitions in the Income Tax Act so “qualifying expenditure” for HATC excludes METC expenses, and repeals subsection allowing dual claims. This affects any expense 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
Proposed
Streamlining DTC Certification for Long-Lasting Medical Conditions
Under proposals in the Spring Economic Update 2026, the DTC certification process will be simplified for certain long-lasting medical conditions: practitioners no longer need to separately certify severity and duration; occupational therapists, physiotherapists, speech-language pathologists, and podiatrists can certify certain impairments; public guardians or trustees may certify adults under their care for property-matters where a certificate of incapacity exists. These changes apply for taxation years 2026 and onward.
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
Registered Plan Limit Updates: RRSP, MP, DB, TFSA, YMPE for 2026
The CRA has published updated registered plan and pension-related limits for 2026, including the RRSP contribution limit ($33,810), Money Purchase and Defined Benefit plan limits, TFSA annual dollar limit ($7,000), Year’s Maximum Pensionable Earnings (YMPE) and Additional YMPE (YAMPE) values, which affect available deductions, pension calculations, and contribution planning.
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
Permanent Expansion of the Paid Family and Medical Leave Credit under the Working Families Tax Cuts
Under the Working Families Tax Cuts, the employer PFML credit is made permanent and expanded: eligibility now includes part-time employees working 20 or more hours/week and employees with 6 months of service; employers may elect between wage-based or premium-based methods; state or local mandatory leave can count toward eligibility, though not in the credit calculation; and the credit rate ranges from 12.5% to 25% of wages or qualifying premiums for up to 12 weeks of leave in taxable year 2026 and onward.
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
Foreign Earned Income Exclusion amount for tax year 2026
For tax year 2026, the maximum foreign earned income exclusion under IRC §911 has been increased to $132,900 per qualifying individual. Housing deduction limits and base housing amounts also adjusted accordingly.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Japan
Status requires verification
Global Minimum Tax Measures Adopted under Japan’s FY2026 Tax Reform
Japan implemented international tax changes as part of the BEPS inclusive framework: from accounting periods beginning January 1, 2026, the global minimum tax (minimum 15% effective rate) rules apply. These include the Undertaxed Profits Rule / Qualified Domestic Minimum Top-up Tax, adjustments to reporting requirements, and extension of transitional exemptions. These measures affect multinational structures and business entities with low-tax foreign components.
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
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公告（财政部 税务总局 国家发展改革委 工业和信息化部公告2026年第23号）
公告明确，对于集成电路及工业母机企业在2026年1月1日至2028年12月31日期间发生的非货币性资产交换，其确认的所得可在不超过5年期限内分期均匀计入应纳税所得额；发生损失的，不得分期确认。政策面向符合“采用清单管理”的企业，亦设有核查机制，并与既有重组、股权激励等政策协调。
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
Cost-of-Living Adjustments for Retirement Plans and Contributions under Section 415(b) and 415(c) for 2026
Notice 2025-67 increases retirement plan benefit and contribution limits (e.g. defined benefit plan maximum annual benefit to $290,000; defined contribution maximum contribution to $72,000; elective deferrals for 401(k)/457 etc. to $24,500; catch-ups for age-50+ to $8,000) effective 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: United Kingdom
Status requires verification
Business investment boosted with new tax relief taking effect today
The UK introduced a permanent **40% first-year allowance** for qualifying main-rate plant & machinery from 1 January 2026, along with reducing the main rate writing-down allowance from 18% to 14% from 1 April (corporation tax) / 6 April (income tax). Encourages businesses to invest with greater upfront tax relief, while incentive applies to unincorporated businesses and leasing providers, excluding special-rate expenditure, second-hand assets and cars.
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
进一步优化企业重组业务所得税处理征管规定
Lowers the resident shareholder consensus threshold for applying special tax treatment in business restructuring from 100% to 50%, expands the types of entities eligible, and clarifies implementation standards.
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 国家发展改革委 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（2026年第23号）
对IC与工业母机企业在2026年1月1日至2028年12月31日期间发生非货币性资产交换所确认的收益，准许在不超过5年内分期平均加入当年应纳税所得额；要求清单管理或部门核查；亏损不允许分期；若资产被出售或企业注销，未确认部分应一次性纳税；非货币性资产定义与公允价值及计税基础明晰规定。
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source