|
|
|
Amendment of Part 35B of Principal Act (implementation of Articles 7 and 8 of Council Directive (EU) 2016/1164 of 12 July 2016 (controlled foreign companies))
|
| |
35. Part 35B of the Principal Act is amended by the substitution of the following section for section 835YA:
|
|
| |
“835YA. (1) In this section, ‘listed territory’ means—
|
|
| |
(a) in relation to an accounting period beginning on or after 1 January 2021 but before 1 January 2022, a territory included in Annex 1 of the Council conclusions on the revised EU list of non-cooperative jurisdictions for tax purposes22
, as replaced by the EU list of non-cooperative jurisdictions for tax purposes Report by the Code of Conduct Group (business taxation) suggesting amendments to the Annexes to the Council conclusions of 18 February 202023
,
|
|
| |
(b) in relation to an accounting period beginning on or after 1 January 2022, a territory included in Annex 1 of the Council conclusions on the revised EU list of non-cooperative jurisdictions for tax purposes24
.
|
|
| |
(2) Where, in an accounting period of a controlled foreign company, the territory in which the controlled foreign company is resident is a listed territory, sections 835T, 835U and 835V shall not apply in respect of that accounting period.”.
|
| |
22 OJ No. C64, 27.2.2020, p. 8
23 OJ No. C331, 7.10.2020, p. 3
24 OJ No. C413I, 12.10.2021, p. 1 |
