Our Scans · (FS.6.04) Individual Tax Liabilities · Weekly Summary

• [New] Botswana's Finance Minister has proposed further corporate and personal income tax adjustments in the 2026/2027 fiscal year to bolster government revenue. Energy Capital & Power
• [New] As the future of the IRS-ICE agreement remains unclear, community organizations that provide free tax services say they are still hearing worries from ITIN holders - who are afraid that filing their taxes in 2026 could come at great personal risk. KQED
• [New] The final step would see Georgia's 3.99% flat personal income tax rate reduced to 0% at an additional cost of $8.8 billion by 2032. Georgia Budget and Policy Institute
• [New] Georgia is projected to forego $2.3 billion in personal and corporate income tax revenue due to the cumulative costs of gradually shifting from maintaining a graduated income tax system with a top rate of 5.75% to a flat personal and corporate income tax rate of 4.99% between 2022 and 2026. Georgia Budget and Policy Institute
• While personal income tax slabs and rates remain unchanged for FY 2026-27, several compliance oriented measures have been introduced. / India KPMG
• Favorable personal income tax policies related to mainland-Hong Kong stock connect programs and the mutual recognition of funds will remain effective in 2023. SHINE
• Florida does impose traditional sin taxes on alcohol and tobacco, but the state constitution prohibits any form of personal income tax - raising questions about how Fishback's plan might be implemented. Wear
• Changes to the Provincial Basic Personal Amount will ensure that Manitobans do not pay a cent of income tax on the first $15,000 they earn in 2023. SteinbachOnline
• In 2026, eight out of 10 provinces will have top marginal rates that exceed 50%, meaning that Canada's highest income earners will continue to contribute a disproportionate percentage of the total personal income tax to be collected. financialpost
• The UK Government will continue to be responsible for all income tax rules and other aspects, including personal deductions and base amounts. London News Time
• Under the House bill approved by Neil's Commission, the maximum personal income tax rate will increase from 37% to 39.6% for annual incomes of $400,000 and for couples above $450,000. / USA Eminetra.co.uk
• Proposed regulations implement a temporary federal income tax deduction for up to $10,000 of interest paid on loans used to purchase new U.S.-assembled passenger vehicles for personal use, applicable to taxable years 2025 through 2028. Forvis Mazars

Last updated: 24 February 2026