Background
The Finance Bill 2024 (“the Bill”) was presented to Parliament on 13th May 2024. The Bill will undergo scrutiny and the legislative process before its anticipated enactment into law by 30th June 2024. Once the Bill is enacted into law, it will come into effect in phases. The provisions will be effective from either 1st July 2024, or 1st September 2024, or 1st January 2025. In this alert, we analyze the contents of the Bill, the effective dates of its provisions, and their potential implications.