Canada tables 2026 federal budget, proposes business tax cuts, personal tax relief, and banking reforms

IRD has postponed the requirement for individuals to submit a Taxpayer Identification Number (TIN) Certificate for eight specified transactions, citing heavy demand for certificates among the general public.

Vietnam’s government has approved a 30 % reduction in corporate income tax (CIT) and personal income tax (PIT) payable for tax years 2026 and 2027, covering taxpayers whose annual revenue does not exceed VND 10 billion.

Korea (Rep.) will introduce taxes on digital assets in 2029, two years later than planned, as the government cites the timing of information exchanges with the US and pending legislation on the sector.

Greece's parliament has passed a bill setting a 10% capital gains tax on cryptocurrencies, creating the country's first comprehensive legal framework for taxing crypto assets.

Hong Kong has passed legislation implementing the OECD’s CARF and amended CRS, requiring crypto-asset reporting from 2027 and expanding automatic information exchanges with partner jurisdictions from 2028 and 2029, respectively.

The US Treasury and IRS have designated 6,576 new opportunity zones across all states and territories, effective 1 January 2027 for 10 years, including 2,594 rural areas eligible for enhanced tax incentives to encourage private investment in economically distressed communities.