European Union Directives (Amendment) Regulations, 2012

L.N. 95 of 2012

INCOME TAX ACT

(CAP. 123)

European Union Directives (Amendment) Regulations, 2012

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

the Income Tax Act, the Minister of Finance, the Economy and

Investment has made the following regulations

(1) The title of these regulations is the European Union

Directives (Amendment) Regulations, 2012 and these regulations

shall be read and construed as one with the European Union

Directives Regulations, hereinafter referred to as "the principal

regulations".

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

on the 18th January, 2012.

In regulation 2 of the principal regulations, immediately

after the words "shall have effect in relation to the Income Tax

Acts.", there shall be added the following new paragraph

"As from 18th January 2012, following the repeal of the

above-mentioned EU Directive 90/435/EEC, EU Directive

2011/96/EU of 30 November 2011 on the common system of

taxation applicable in the case of parent companies and

subsidiaries of different Member States shall have effect in

relation to the Income Tax Acts. EU Directive 2011/96/EU shall

be read in accordance with the correlation table in Annex III of

that same Directive.".

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