Budget 2026 tax and customs reforms herald a wide-ranging policy package designed to modernize revenue collection, simplify compliance for businesses, and strengthen the resilience of public finances against external shocks while signaling a long-term commitment to fiscal sustainability, digitalize tax administration, reduce compliance costs for small enterprises, and improve transparency for taxpayers and lenders alike.On the customs policy front, the plan introduces a mechanism to label petroleum products in collaboration with the Ministry of Energy Transition and Sustainable Development, expands the tax-label perimeter to beverages and tobacco, extends tracing to other products to deter fraud and safeguard consumers in line with international standards, and enhances risk-based inspections at border points to accelerate legitimate trade, including streamlining procedures, expanding e-declaration usage, and strengthening collaboration with regional trade partners.