Cap. 123 Art. 52BE.U Directives and Regulations.

(1) The Minister responsible for Finance may by regulations under this article make provision implementing and giving effect to any Directive of the European Union (hereinafter in this article referred to as "E.U. Directive") relating to any matter which affects the operation of the Income Tax Acts or to enable the better operation of any regulation of the European Union (hereinafter in this article referred to as "E.U. Regulations") and may by such regulations provide anything that may be required to be provided for by such E.U. Directive or E.U. Regulation.

(2) Any regulations made under this article shall make reference to the relevant E.U. Directive or E.U. Regulation and shall have effect if in conformity therewith notwithstanding anything to the contrary contained in the Income Tax Acts or any other enactment relating to this matter.