Year-end tax settlement 2025

Various revisions have been made to the tax credit provisions for the 2025 year-end tax settlement.

Key changes include revisions to the Child Tax Credit and an expansion of the scope of taxpayers eligible for tax incentives related to the Housing Subscription Savings Account (Housing Subscription Comprehensive Savings).

Clarification of tax treatment related to employee discounts
Revision of the Child Tax Credit amount
Expiration of the temporary increase in the Special Tax Credit Rate for Charitable Donations
Clarification of eligibility for the Additional Deduction for Persons with Disabilities and expansion of the scope of acceptable supporting documentation
Expansion of eligible taxpayers for tax incentives related to the Housing Subscription Comprehensive Savings (Housing Subscription Savings Account)
Application of credit card income deductions to fees paid for swimming pool and fitness center usage
Increase in the tax credit limit for Hometown Love Donations (Hometown Donation Program) and higher tax credit rates for donations made to designated special disaster areas
Extension of the application period for the Tax Credit for Taxpayer Associations and adjustment of the applicable credit rates

Further details are available in the materials below. Should you have any questions regarding the recent amendments to the year-end tax settlement rules, feel free to contact us.