Tax-Relief

The government is passing the budget for fiscal year 2026-27 with sweeping last-minute changes aimed at making the economy more private sector-driven. As part of that shift, it has granted extensive tax exemptions and duty benefits to a range of sectors, including industry, information technology, renewable energy, electric vehicles, the capital market, and the digital economy. Stakeholders believe the government has chosen these economic recovery measures and investment-friendly policies...

The government has proposed a range of duty and tax benefits in the proposed budget for the 2026-27 fiscal year to boost production in the livestock and fisheries sectors and protect local industries. At the same time, it has also taken initiatives to increase tariffs on certain products to safe...