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

• [New] The extension of personal tax relief for expenses relating to electric vehicle (EV) charging facility for another four years and extension of tax deduction for rental of EV for another two years will likely continue to boost the take-up of EV vehicles in Malaysia. PwC
• Income Tax Launch (2028): Oman's planned 5% personal income tax will diversify revenue, reducing reliance on hydrocarbons (currently 76% of government revenue). Ainvest
• Personal Income Tax will remain unchanged in 2023. / Latvia The Baltic Word
• The revenue from the higher GST helps balance the budget and finance higher outlays on defence, and also creates fiscal room for badly needed cuts in personal and corporate income taxes that will enhance Canada's tax competitiveness against the United States, and boost work, investment and growth. C.D. Howe Institute
• President-elect Trump's policy plans - featuring immigration controls, tariffs, and both personal and corporate tax cuts - are likely to push the Fed towards signalling a more cautious and measured path of easing through 2025. FOREX.com
• In light of rising cost-of-living concerns, Singapore will provide a personal income tax rebate of 50% for the Assessment Year 2024. Yahoo Finance
• As of January, women in Hungary who become mothers under the age of 30 will be exempt from paying personal income tax for the rest of their lives. BusinessInsider
• North Carolina's personal income tax rate is already scheduled to phase down to 3.99% by the end of 2026. Forbes
• No corporate tax will apply on personal income from employment, real estate and other investments, or on any other income earned by individuals that do not arise from a business or other form of commercial activity licensed or otherwise permitted to be undertaken in the UAE. Lovin Dubai
• As previously announced, Oman will implement a personal income tax regime starting in 2028, levying a 5% tax on individuals' net income exceeding OMR 42,000. Taxmann Blog
• The change to the personal income tax is expected to save Albertans $1.2 billion in 2025, rising to $1.4 billion in 2028. Lethbridge News Now
• Oman plans to introduce personal income tax starting from 2028, becoming the first among the six-member Gulf Cooperation Council (GCC) nations to do so. Guidely
• Some zero-tax countries could face international pressure to reform, though most (such as UAE, Bermuda, and Cayman) have reaffirmed their commitment to no personal income taxes. CitizenX
• The centrepiece of the 2025-26 Budget is new personal income tax cuts for all Australian taxpayers, which will see the lowest marginal tax rate decline from 16% to 14% over two years. Deloitte
• Increase in Tax-Free Threshold: The tax-free personal income threshold in Cyprus will rise from €19,500 to €20,500. Nikita & Partners
• For 2024 and 2025, Alberta taxpayers will see adjustments to personal income tax brackets, dividend tax rates, and capital gains taxation. Shajani CPA
• Measures such as revising personal income tax slabs or increasing exemption limits could provide essential relief to middle-income households, which form the cornerstone of India's economic framework. EducationWorld
• Key changes to regulations on securities, accounting, independent audits, tax management, and personal income tax are expected to have a significant impact on Vietnam's business and investment environment. Vietnam Briefing News
• Georgia is considering a measure to increase the personal property tax exemption from $7,500 to $20,000, and Illinois could change the state constitution to create an extra 3% tax on all income greater than $1 million. Newsweek

Last updated: 09 September 2025