India Enacts Finance Act 2026 Including Tax Measures of the Union Budget for 2026-2027

India has published the Finance Act 2026, which was enacted on 30 March 2026 for the implementation of the measures of the Union Budget for 2026-2027. Some of the main tax measures include:

• A reduction in the Minimum Alternate Tax (MAT) rate from 15% to 14% and the designation of MAT as a final tax, meaning no new credit accumulation from 1 April 2026, along with transitional rules for the offset of existing MAT credits, limited to 25% of the tax liability for domestic companies;
• A change i…