Specialized Taxes

The “soft landing” is over. IRS Notice 2026-15 introduces the MACR formula, a binary test for green energy credits that disallows 100% of the credit for PFE violations.

China’s Export VAT 2026 ends the era of cheap solar. By removing rebates for PV and batteries, Beijing shifts focus to value, impacting global project costs by 5%.

The soft landing is over. South Africa Carbon Tax Phase 2 launched today with a R308 rate and a 10% allowance cut, creating a major liquidity squeeze for heavy industry.

The ATO is processing the final weeks of the 16% tax rate. The Australia Stage 3 Revisions 2026 are currently a “palliative” before the permanent 15% cut arrives on July 1.

India’s 12% GST slab is gone. The new India GST Slab 2026 focuses on a 5%/18% split and real-time invoice matching via IMS to eliminate tax mismatches.

The era of estimated carbon data is over. EU CBAM 2026 now mandates verified emissions data and Authorised Declarant status, with a 10% penalty for lazy reporting.

The transition is holding. The UK MTD 2026 Golden Month concluded today with high traffic but stable APIs, moving the UK closer to a fully digital tax system.

Retirees win big in 2026. The IRS confirms the OBBBA Senior Deduction 2026 bonus is shielding millions from inflation, removing 1.8M Americans from federal tax rolls entirely.

Canada and Germany’s 2026 Strategic Industrial Tax Dialogue targets “friend-shoring” through synchronized R&D credits and green incentives to boost transatlantic industrial resilience.

Registration is over; enforcement is here. The BIR is now auditing streamers and digital giants under the Philippines Digital Service VAT 2026 framework.