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


  • [New] While personal income tax slabs and rates remain unchanged for FY 2026-27, several compliance oriented measures have been introduced. / India KPMG
  • [New] 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
  • [New] 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
  • [New] 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
  • Beginning in 2026, new tax rules will affect how individual donors can deduct charitable gifts if they itemize deductions on their personal income tax return. NPTrust

Last updated: 10 February 2026



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