Finance Act Clause Samples

A Finance Act clause establishes the legal framework for implementing government fiscal measures, such as taxation, duties, and public revenue provisions, as authorized by the annual Finance Act. In practice, this clause ensures that any changes to tax rates, new levies, or amendments to existing financial regulations are legally enforceable from the date specified in the Act. Its core function is to provide statutory authority for the government's budgetary and taxation policies, ensuring that all fiscal changes are properly legislated and enforceable, thereby maintaining legal and financial certainty.