Scope: Other Europe
Status requires verification
"Google Tax": Non-resident electronic service providers must register for VAT after 1 million UAH threshold
Ukraine’s VAT obligations for non-resident providers of electronic services to individuals are now more rigorously enforced: any non-resident whose annual transaction volume in Ukrainian services exceeds 1 million UAH in equivalent must register for VAT. By August 1, 2026, there were 159 such non-resident providers. Over the first seven months of 2026, more than 11.3 billion UAH was collected. This affects foreign digital service companies selling to Ukrainian individual users. Source: State Tax Service of Ukraine.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Other Europe
Status requires verification
Albania raises minimum and maximum wages for social contribution calculations
Effective January 1, 2026, Albania increased its monthly minimum wage from ALL 40,000 to ALL 50,000, and raised the maximum wage base for social security contributions from ALL 176,416 to ALL 186,416. This change affects both employed individuals and self-employed contributing to social/health insurance. Source: Albanian Tax Authority.
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
2026 Foreign earned income exclusion amount under IRC § 911 increased to $132,900
For taxable years beginning in 2026, the maximum foreign earned income exclusion (FEIE) is set at $132,900 under IRC § 911(b)(2)(D)(i). This inflation adjustment increases the amount expats or U.S. citizens working abroad may exclude from U.S. gross income, subject to qualifying tests. Other inflations adjustments were also made for gift exclusion, marginal well tax credits, and energy production credits in recent IRS bulletins.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Global
Proposed
Budget 2025 proposes to introduce a temporary Personal Support Workers Tax Credit
Canada’s Budget 2025 proposes a refundable tax credit of 5% of eligible earnings, up to $1,100, for personal support workers in regulated health-care establishments; applicable for taxation years 2026 through 2030, aiming to support low-wage essential worker sectors.
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
专家解释：违规利用小规模纳税人身份偷逃税 税收违法成本将显著提高
鉴于自2026年1月1日新《增值税法》及其实施条例正式施行，国家税务总局明确加强对高营收者滥用小规模纳税人身份的监管，一经发现，可追溯按一般纳税人税率补税，并计入相应滞纳金与罚款，违法成本显著提升。
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
2026 TFSA dollar limit will be $7,000
The 2026 contribution limit for the Tax-Free Savings Account (TFSA) is set at **$7,000**, same as 2025. This determines how much individuals can contribute in the year without penalty.
Editorial impact label: Low
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Global (United States focused)
Status requires verification
Training, Tax Relief & Reporting: IRS Announces New Inflation-Adjusted Amounts and 401(k)/IRA Contribution Limits for 2026
On November 13, 2025, the IRS updated the limits for retirement contributions and standard deductions under the One, Big, Beautiful Bill inflation adjustments. 401(k) contributions will increase to $24,500 and IRA contributions to $7,500 for tax year 2026. Other tax provisions such as the standard deduction thresholds have been permanently increased and will be adjusted for inflation going forward.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Proposed
Change to Capital Gains Inclusion Rate Proposed for January 1, 2026
The government has proposed that effective January 1, 2026, the inclusion rate on capital gains will increase from half to two-thirds for individuals realizing gains above $250,000 annually, and all capital gains realized by corporations and most trusts. The Lifetime Capital Gains Exemption is set at $1.25 million for eligible gains. The policy also leaves the inclusion rate at the lower level until the new effective date and confirms tax administration accordingly.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Proposed
Automatic Federal Benefits for Low-Income Individuals – Proposed Tax Filing Reforms
Proposed in Budget 2025, this policy grants the Canada Revenue Agency the authority to file income tax returns on behalf of eligible low-income individuals who have simple tax situations and do not owe tax. Starting in the 2026 tax year, this will include pre-filled returns and auto-filing for up to 5.5 million Canadians by 2028, ensuring they receive benefits like the GST/HST credit, Canada Child Benefit, and Canada Workers Benefit.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Proposed
Update on the Canada Revenue Agency’s administration of the proposed capital gains taxation changes
The Government of Canada has deferred the increase in the capital gains inclusion rate (from one-half to two-thirds) until **January 1, 2026**. The change will apply on gains exceeding $250,000 annually for individuals, and on all capital gains for corporations and most trusts. The Lifetime Capital Gains Exemption has been increased to $1.25 million, and a new Canadian Entrepreneurs’ Incentive will allow a reduced inclusion rate for eligible gains.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: South Korea
Status requires verification
2026년 해외신탁 신고제도 발표
The National Tax Service has published data on the first-ever mandatory overseas trust reporting requirement. Residents and resident corporations that had set up overseas trusts or transferred assets thereto must report in 2026 for trusts or holdings as of 2025. The announcement includes higher fines for nonreporting and the introduction of a reward system for whistleblowers, as well as informing taxpayers that from 2027, under the Crypto Asset Reporting Framework, foreign crypto transaction data will also be used in enforcement.
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
国家税务总局公告2026年第13号 ‐ 关于企业重组业务所得税处理有关征管问题的公告
自2026年1月1日起，居民企业股东持股比例由100%放宽至合计超过50%即可，通过一致性意见适用企业重组特殊性税务处理；要求满足一定股东类型条件，重组后12个月内不得转让所取得的股权；其余股东适用一般性税务处理。
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
Treasury, IRS provide penalty relief for remittance transfer providers under new excise tax
Notice 2025-55 provides relief for deposit penalties under IRC § 6656 for remittance transfer providers required to collect the new 1 % remittance transfer tax under section 4475 of the OBBB. For the first three calendar quarters of 2026, providers who make timely (though possibly mis-calculated) deposits and pay any underpayment by the Form 720 filing date will avoid penalties. The first semimonthly deposit under the new rules is due January 29, 2026. ([irs.gov](https://www.irs.gov/newsroom/treasury-irs-provide-penalty-relief-for-remittance-transfer-providers-who-fail-to-deposit-excise-tax-under-the-one-big-beautiful-bill?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
Extending the Home Buyers’ Plan grace period
From January 1, 2026 through December 31, 2028, participants making a first withdrawal under the Home Buyers’ Plan will have an extended grace period of five years before beginning to repay instead of the standard two years. This gives cash flow relief for new homebuyers, delaying RRSP repayment obligations. ([budget.canada.ca](https://budget.canada.ca/update-miseajour/2026/report-rapport/pdf/update-miseajour2026-eng.pdf?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
Personal Support Workers Tax Credit (temporary refundable credit under Budget 2025)
Budget 2025 proposes a temporary five-year refundable tax credit for eligible Personal Support Workers. The credit equals 5% of eligible earnings (up to a maximum benefit of $1,100 per year), starting in the 2026 taxation year, available only in provinces or territories not covered by a bilateral wage-increase agreement with the federal government.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Proposed
Automatic Federal Benefits for Low-Income Individuals
Budget 2025 proposes a new service starting in the 2026 tax year to provide pre-filled income tax returns, and in some cases, for CRA to file on behalf of eligible low-income Canadians who do not owe tax. The initiative aims to reach up to 5.5 million individuals by 2028, ensuring more people access benefits like GST/HST Credit and Canada Child Benefit even if they do not file.
Editorial impact label: Medium
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: Canada
Proposed
Minister Valdez highlights Budget 2025 investment in personal support workers and skilled professionals
Budget 2025 introduces a temporary five-year Personal Support Workers Tax Credit: refundable, 5% of eligible income (up to $1,100/year), for eligible workers in provinces/territories without bilateral wage-support agreements. Also establishes the Foreign Credential Recognition Action Fund to speed up credential systems for skilled professionals. Implications include additional credits for eligible PSWs, new funding paths for newcomers, and necessity to monitor provincial agreement status.
Editorial impact label: Medium
- 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 Rebate Enhancement and Cash Grant for Year of Assessment 2026
Singapore’s IRAS has enhanced the corporate income tax rebate for YA 2026 to **50%** of the corporate tax payable and increased the maximum combined benefit of rebate plus cash grant to **S$40,000**. Companies with at least one local employee qualify for a cash grant of **S$2,000**; otherwise, only the rebate applies. Other eligibility and rebate rules remain largely consistent with prior years, with assessments finalized by August 2026. ([iras.gov.sg](https://www.iras.gov.sg/taxes/corporate-income-tax/basics-of-corporate-income-tax/corporate-income-tax-rate-rebates-and-tax-exemption-schemes?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: Japan
Status requires verification
令和８年度税制改正の大綱
The FY2026 tax reform outline includes multiple legislative changes: raised basic exemption and salary deduction for inflation; special high-income tax rate increased to 30% for those with基準所得金額 over ¥165 million; increased one-parent deductions; expanded NISA investment account age eligibility; introduced a new Defense Special Income Tax at 1%; and higher international consumption taxes, among others.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source
Scope: South Korea
Status requires verification
Report foreign financial accounts and crypto holdings by 2026 under strengthened reporting rules
South Korea’s National Tax Service has announced that **residents and domestic entities** must report overseas financial accounts—including virtual-asset accounts—and foreign trusts if the total monthly end-balance exceeds **KRW 500 million**, starting for the 2025 tax year. The new regime also introduces steep penalties (10% of under-reported amounts, up to KRW 5 billion in serious cases), possibility of public disclosure, and criminal penalties where misstatement or fraud is involved. Voluntary amendments before enforcement may yield penalty reductions of **30-90%**. The government will use Crypto-Asset Reporting Framework (CARF) for automatic exchange of virtual asset transaction records from 2027, enhancing cross-border transparency.
Editorial impact label: High
- Published
- Not recorded
- Policy event
- Not recorded
- Effective
- Jan 1, 2026
- Verification
- Not recorded
Open cited source