<h1>Government unveils deregulation, tax cuts, GST 2.0 and trade reforms to simplify compliance and boost manufacturing</h1> The government announced legal and regulatory reforms aimed at improving the business environment through deregulation, reduction of procedures, simplification of policies, and decriminalisation of certain laws, coupled with corporate and personal tax cuts and planned GST 2.0 reforms to simplify compliance. It signalled enhanced FTA negotiations and trade engagement, incentives for domestic manufacturing and resilient supply chains, and regulatory focus on sustainability standards. These measures suggest forthcoming statutory and administrative changes that will affect corporate compliance obligations, tax liabilities, cross-border trade rules, public procurement preferences, and sector-specific regulatory regimes.