Regulations, 2015

L.N. 282 of 2015

INCOME TAX ACT

(CAP. 123)

European Union Directives (Amendment) (No. 2)

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) (No. 2) 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,

Immediately after the third paragraph in regulation 2 of the

principal regulations there shall be added the following new

paragraph

"As from 31 st December 2015, EU Council Directive

2015/121/EU of 27 January 2015 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.".

€0.09