This article is a summary of the Income Tax Bill (the Bill) produced by FJS Associates (the Firm) and the views and interpretations included herein are those of the Firm.

It is intended to help the various stakeholders to get a brief understanding of the Bill and significant changes proposed to the current tax structure.

The article is not an exhaustive publication of the Bill and therefore, requires readers to exercise judgment and a thorough understanding of the Bill to reach conclusions on entity’s specific circumstances. Furthermore, it is important to know that the Bill has not been ratified as a law at the time of this Article, due to which information contained in here are subject to possible changes.