European Union Directives (Amendment) Regulations, 2004

L.N. 530 of 2004

INCOME TAX ACT

(CAP. 123)

European Union Directives (Amendment) Regulations, 2004

IN exercise of the powers conferred by articles 52B and 96 of the

Income Tax Act, the Prime Minister and Minister of Finance has made

the following regulations>

(1) The title to these regulations is the “European Union

Directives (Amendment) Regulations, 2004 and they shall be read and

construed as one with the European Union Directives Regulations, 2004,

hereinafter referred to as “the principal regulations”.

(2) These regulations shall be deemed to have come into

force on the 1 st May, 2004.

For sub-regulation (1) of regulation 4 of the principal

regulations, there shall be substituted the following>–

“(1) The Directive 2003#49#EEC of the 3 rd June, 2003 adopted

by the Council of the European Communities on a common system

of taxation applicable to interest and royalty payments made

between associated companies of different Member States as

amended by Council Directive 2004#76#EC of the 29 th April, 2004

as regards the possibility for certain Member States to apply

transitional provisions for the application of the common system

of taxation applicable to interest and royalty payments made

between associated companies of different Member States,

hereinafter in this regulation referred to as the “Interest and

Royalties Directive”, shall have effect in relation to the Income

Tax Acts.”.

Mitbug[ fl-Istamperija tal-Gvern — Printed at the Government Printing Press