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September 25, 2023
2023-1597

United States government set to suffer lapse in funding to begin fiscal year 2024

With just under a week before the federal government’s current funding will run out, the United States Congress appears no closer to authorizing more spending in order to avoid a partial shutdown. The federal government will be required to cease all non-essential functions effective 1 October 2023, until funding is ultimately approved by Congress and signed into law by the President. In the event of a shutdown, several US immigration processes with numerous government agencies will be impacted.

A Tax Alert prepared by EY Law LLP, and attached below, provides additional details.

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Full text of Tax Alert

 

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