Please find attached our Newsflash ‘Taxation and Other Laws (Amendment) Act, 2026: Key Amendments’. The Taxation and Other Laws (Amendment) Act, 2026 introduces a series of amendments pertaining to the Income-tax Act, 2025, Finance Act, 2026 and the Payment and Settlement Systems Act, 2007.
The Taxation and Other Laws (Amendment) Act, 2026 (‘TOLA Act, 2026’) replaces the Income-tax (Amendment) Ordinance, 2026, while incorporating certain additional taxation measures considered necessary following further policy assessment. The amendments have been introduced against the backdrop of evolving geopolitical developments, disruptions in international trade and supply chains and stakeholder representations. The measures are aimed at mitigating the impact of external economic pressures, supporting identified sectors, facilitating ease of doing business and providing greater tax certainty to domestic as well as foreign investors.
Our Newsflash provides a comparative analysis of the existing provisions and the amendments introduced under the TOLA Act, 2026, covering eligible investment funds, electronics manufacturing, data centres, foreign investors, rough diamond trading, Business Trusts and electronic payment modes. Given the implications of the TOLA Act, 2026, taxpayers and stakeholders should evaluate the impact of the amendments on their existing structures and transactions and closely monitor the related Rules, notifications and administrative guidance to ensure timely compliance and alignment with the revised framework.
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