European Union Directives (Amendment) Regulations, 2015

L.N. 122 of 2015

INCOME TAX ACT

(CAP. 123)

European Union Directives (Amendment) Regulations, 2015

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

the Income Tax Act, the Minister for Finance has made the following

regulations:-

(1)

The title of these regulations is the European Union

Directives (Amendment) Regulations, 2015 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 come into force on the 1st January,

In regulation 2 of the principal regulations, immediately

after the words "shall be read in accordance with the correlation table

in Annex III of that same Directive." there shall be added the

following new paragraph

"As from 1st January 2016, EU Directive 2014/86/EU of

8th July 2014 amending Directive 2011/96/EU 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.".

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