Groups (Amendment) Regulations, 2024

L.N. 130 of 2024

INCOME TAX ACT

(CAP. 123)

European Union Global Minimum Level of Taxation for

Multinational Enterprise Groups and Large-Scale Domestic

Groups (Amendment) Regulations, 2024

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

the Income Tax Act, the Minister responsible for finance has made the

following regulations:-

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

commencement.

Global Minimum Level of Taxation for Multinational Enterprise

Groups and Large-Scale Domestic Groups (Amendment) Regulations,

2024, and these regulations shall be read and construed as one with the

European Union Global Minimum Level of Taxation for Multinational

Enterprise Groups and Large-Scale Domestic Group Regulations,

hereinafter referred to as the "principal regulations".

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

on the 20th February 2024.

Regulation 6 of the principal regulations shall be amended

as follows

(a) in sub-regulation (1) thereof, the words "regulation

2(7)" shall be substituted by the words "regulation 2(5)"; and

(b) in sub-regulation (3) thereof, the words "regulation

2(7)" shall be substituted by the words "regulation 2(5)".

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