The Finance Act 2025 and related reforms introduce significant adjustments to withholding taxes, digital economy taxes and the treatment of digital assets, including repealing and re-designing earlier digital asset taxes that drew heavy criticism. At the same time, proposed amendments in the Business Laws (Amendment) Bill and sector policies would refine SEZ and EPZ incentives, add new types of zones like digital/BPO hubs, and codify clearer processes for suspending or cancelling non-compliant licences.Â
Thank you for reading this post, don't forget to subscribe!A dedicated Virtual Asset Service Providers framework is also being advanced to licence crypto and related businesses, impose disclosure and AML/KYC requirements, and criminalise unlicensed virtual-asset activities and market abuse. Together, these changes are forcing exporters, SEZ/EPZ operators, fintechs and digital-asset players to revisit structures, contracts and tax positions ahead of 2026.
