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A product ruling is a type of public ruling. It gives certainty to participants (or potential participants) on the tax consequences of an arrangement, provided it's carried out as described in the ruling.
A product ruling is a type of public ruling. It gives certainty to participants (or potential participants) on the tax consequences of an arrangement, provided it's carried out as described in the ruling.
A Binding Private Ruling (BPR) is issued in response to an application and clarifies how the Commissioner would interpret and apply the provisions of the tax laws relating to a specific proposed transaction.
A private ruling is binding advice that sets out how a tax law applies to you in relation to a specific scheme or circumstance.
A private ruling is a written expression of opinion by the Commissioner of Taxation (the Commissioner) about the way in which tax laws and other specified laws administered by the Commissioner would apply to, or be administered in relation to, an entity in relation to a specified scheme.
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The purpose of a tax ruling, which is a common practice in the vast majority of countries in Europe and other parts of the world, is to provide clarity and legal certainty to taxpayers.

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