S.L. 123.72 Art. 2Directive to have effect.

The Directive of 23 July, 1990 adopted by the Council of the European Communities on a common system of taxation applicable to mergers, divisions, transfers of assets and exchanges of shares concerning companies of different Member States (90/ 434/EEC) as amended by Council Directive 2005/19/EC of 17 February, 2005 amending Directive 90/434/EEC 1990 on the common system of taxation applicable to mergers, divisions, transfers of assets and exchanges of shares concerning companies of different Member States shall have effect in relation to the Income Tax Acts..

*L.N. 59 of 2006: st The provisions of this regulation shall come into force on the 1 January, 2007: Provided that in the case of those provisions of Council Directive 2005/19/EC of 17 February, 2005 amending Directive 90/434/EEC 1990 on the common system of taxation applicable to mergers, divisions, transfers of assets and exchanges of shares concerning companies of different Member States, which deal with -

(a) the transfer of the registered office of a European Company (SE) or of a European Cooperative Society (SCE), and

(b) the entry (a) in the Annex thereto, st these provisions shall be deemed to have come into force on the 1 January, 2006.