Tax News & Updates

April 22, 2025

HMRC's one-year warning on Making Tax Digital for Income Tax matters because 6 April 2026 is now an operating deadline, not a distant reform idea

HMRC used the one-year-to-launch message to make clear that sole traders and landlords with qualifying income above £50,000 will need digital records, compatible software and quarterly updates from 6 April 2026.

November 26, 2025

The UK's new technical note on property, savings and dividend income is bigger than a rate tweak because it changes the shape of personal tax planning

HMRC's Budget 2025 technical note says dividend rates change from 6 April 2026 and separate property and savings rates follow from 6 April 2027, with the personal allowance and relief ordering rules also being reshaped.

January 28, 2025

The UAE's natural-person corporate tax warning is the clearest sign yet that solo operators can no longer hide behind the old no-tax slogan

The UAE Federal Tax Authority said natural persons with business turnover above AED 1 million must register by 31 March of the following year, and gave a concrete 2024-to-2025 example to make the rule real.

February 25, 2026

Hong Kong's 2026-27 Budget matters because it combines short-term relief with targeted tax-base support instead of offering a broad low-tax victory speech

The 2026-27 Hong Kong Budget proposed capped 100% reductions for salaries tax, personal assessment and profits tax for year of assessment 2025/26, plus higher allowances from 2026/27 onward.

October 7, 2025

Ireland's Budget 2026 summary matters because the absence of income-tax rate and band changes is itself a real policy signal

Revenue's Budget 2026 summary said there were no changes to tax rates, tax bands or tax credits for 2026, while selected reliefs such as the rent tax credit and mortgage interest relief were extended.

December 28, 2025

Indonesia's digital tax update matters because it shows the PMSE VAT regime is no longer just policy design, it is a maturing enforcement and collection system

Indonesia's tax authority said digital-economy tax receipts had reached Rp44.55 trillion through 30 November 2025 and noted that OpenAI OpCo, LLC was among the newly appointed PMSE VAT collectors.

March 27, 2025

HMRC's late-payment interest increase matters because it turns tax debt into a more expensive financing choice from 6 April 2025

HMRC announced that late-payment interest for most taxes would rise by 1.5 percentage points from 6 April 2025, taking the main late-payment formula to base rate plus 4%.

October 9, 2025

The IRS inflation-adjustment release matters because it resets core planning numbers for 2026 long before taxpayers feel the new year start

The IRS said the 2026 standard deduction, marginal-rate thresholds, EITC amounts and foreign earned income exclusion would rise, with the FEIE moving to $132,900 for tax year 2026.

November 27, 2025

Estonia's 2026 tax-change update matters because it trades old complexity for a flatter personal tax story without making the system static

EMTA's official 2026 tax-change update said withholding tax on salary would be 22% from 1 January 2026 and the general basic exemption would become €700 per month or €8,400 per year regardless of income size.

March 5, 2026

Indonesia's Coretax Form and Coretax Mobile launch matters because it shows the digital-tax transition is being pushed toward mass usability, not just system replacement

In press release SP-7/2026, DJP said more than 6 million 2025 annual returns had already been filed and introduced Coretax Form plus Coretax Mobile as additional service channels.

November 13, 2025

The IRS retirement-limit release matters because it resets real payroll and owner-compensation planning for 2026, not just savings trivia

The IRS announced a 2026 401(k) limit of $24,500, an IRA limit of $7,500 and updated catch-up figures, while the COLA guidance set the wider planning frame for retirement-related dollar limits.

February 10, 2026

Revenue's February 10, 2026 VAT modernisation update matters because Irish businesses now have a named first wave for domestic eInvoicing

Revenue confirmed the large corporates in scope for Phase One of domestic eInvoicing, building on its October 8, 2025 implementation paper and making the phased Irish VAT-modernisation roadmap more operational.

January 26, 2026

DJP's Coretax domain warning matters because digital tax administration is now a fraud-prevention problem as well as a filing problem

On 26 January 2026, a DJP article stressed that official Coretax access is only through coretaxdjp.pajak.go.id and reminded taxpayers that Coretax is a web portal, not an app download.

January 9, 2026

Indonesia's PMK 112 implementation notice matters because treaty relief is being pushed into a more standardised DGT-form and Coretax workflow

On 9 January 2026, DJP said treaty application by nonresident taxpayers should use the PMK-112/2025 Formulir DGT format, while legacy forms remain usable for their stated period and submissions continue through Coretax.

December 12, 2025

EMTA's land-tax forecast launch matters because Estonia is giving owners an early look at 2026 liability before the February notice shock

EMTA opened a personalised 2026 land-tax forecast in e-MTA on 12 December 2025, said final notices would be issued in February 2026 and reminded taxpayers that the 2026 due dates are 31 March and 1 October.

May 27, 2025

Canada's May 27, 2025 tax-cut motion mattered because payroll and 2026 planning moved before the legislation was fully finished

On May 27, 2025, Finance Canada tabled a motion to cut the lowest federal personal income tax rate from 15% to 14% from July 1, 2025, with the backgrounder saying payroll tables would be updated and families could save up to $840 in 2026.

October 28, 2025

CRA's October 28, 2025 business-number notice mattered because startup tax onboarding became a digital front door instead of a phone call

CRA said that from November 3, 2025, new business-number and CRA program-account registrations must be done online through Business Registration Online, ending the old phone-first habit for many founders.

December 11, 2025

CRA's December 11, 2025 paper-package changes mattered because paper filers now have to act earlier and fetch missing schedules themselves

CRA said it would no longer proactively mail the 2025 income tax package, removed several low-usage schedules from the package itself, and told paper filers to start ordering or downloading materials from January 20, 2026.

February 16, 2026

CRA's February 16, 2026 tax-season kickoff mattered because February 23, April 30 and June 15 became operating dates, not generic reminders

CRA's tax-season launch set out the 2026 filing dates clearly, highlighted digital-account and backup-MFA changes, and pushed taxpayers to prepare before the filing window opened on February 23, 2026.

March 12, 2026

Royal Assent to Bill C-4 on March 12, 2026 mattered because Canada's middle-class tax cut stopped being a proposal and became settled law

Finance Canada said Bill C-4 received Royal Assent on March 12, 2026, locking in the 14% first federal personal tax rate and related affordability measures after months of operating as proposal-backed policy.

May 4, 2026

Final Regulations on Income from Indian Fishing Rights-Related Activity

The final regulations provide that income from Indian fishing rights-related activity may be treated as compensation for qualified retirement plan purposes. This affects participants, beneficiaries, sponsors, and administrators of Tribal plans. The regulations clarify the treatment of such income for retirement plan benefits and contributions.

May 1, 2026

Refunds for Previously Taxed Dyed Fuel Under Section 6435

The federal government has issued temporary regulations regarding payments to taxpayers for previously taxed dyed fuel. The regulations provide guidance on eligible taxpayers and claim procedures. Taxpayers who have paid tax on dyed fuel may be eligible for refunds under these new rules.

May 1, 2026

Temporary Regulations Issued for Refunds on Previously Taxed Dyed Fuel

The federal government has issued temporary regulations regarding payments to taxpayers for previously taxed dyed fuel. The regulations outline which taxpayers are eligible for payments and the procedures for claiming them. This guidance affects taxpayers who have been taxed on dyed fuel and are seeking refunds.

April 20, 2026

IRS Reduces Enrolled Agent Exam Fees

The IRS has reduced the user fee for each part of the special enrollment examinations for enrolled agents from $99 to $66. This change is effective as of the interim final regulations issuance. The reduction affects individuals seeking to become enrolled agents.

April 20, 2026

Enrolled Agent Exam Fee Reduced to $66 per Part

The IRS has reduced the user fee for each part of the Enrolled Agent Special Enrollment Examination from $99 to $66. This change is authorized by the Independent Offices Appropriation Act of 1952. The reduced fee applies to all parts of the EA SEE.

April 13, 2026

Final Regulations on Occupations Receiving Tips and Qualified Tips Definition

The Treasury Department has issued final regulations defining occupations that customarily receive tips and providing a definition of qualified tips for income tax deduction purposes. This affects individuals who receive tips as part of their occupation. The regulations identify occupations that received tips on or before December 31, 2024.

April 13, 2026

Proposed Excise Tax on Remittance Transfers

The federal government has proposed regulations for an excise tax on certain remittance transfers occurring after December 31, 2025. This tax would affect remittance transfer providers and individuals sending these transfers. The proposed regulations provide rules and definitions for this tax.