Notice under Economic Substance (Companies and Limited Partnerships) Act, 2018 (No. 12 of 2018) commencing section 16 (S.I. 2019 No. 41)

Summary

This is a short statutory notice issued by the Acting Minister of Finance under the Economic Substance (Companies and Limited Partnerships) Act, 2018. It does not create new substantive requirements itself, but fixes the date on which section 16 of the Act comes into force.

• Background: The main Act came into force on 1 January 2019, but section 16 was subject to a separate commencement date to be fixed by the Minister before 30 June 2019.
• Effect of this notice: The Minister appoints 1 October 2019 as the date on which section 16 of the Economic Substance (Companies and Limited Partnerships) Act, 2018 comes into force.

The notice itself is purely a commencement instrument; readers should consult section 16 of the principal Act (and related economic substance guidance) to understand the substantive obligations that take effect from that date.

Applies to

companies, limited partnerships

Deadlines

• 1 October 2019: Date on which section 16 of the Economic Substance (Companies and Limited Partnerships) Act, 2018 comes into force