Overview
The Finance Bill 2026–27, tabled before the National Assembly on 12 June 2026, signals a clear shift from crisis management to structural tax reform. It introduces the most fundamental restructuring of tax administration in decades — a National Faceless Centre, faceless audit and appeals, and algorithmic settlement — alongside income tax relief for the salaried class, new withholding taxes on digital and life-insurance income, the removal of Section 7E and Capital Value Tax on foreign assets, and a major expansion of retail price-based sales tax. This overview sets out the key amendments across income tax, sales tax, federal excise, customs and provincial taxes, and what they mean for businesses preparing for the new regime.