This product gives an overview of each type of IRD ruling and explains the law, the arrangements to which the ruling applies and an in-depth analysis of each ruling.
Binding rulings are issued by the Commissioner to give taxpayers greater certainty about their tax obligations and help taxpayers meet their tax obligations. There are four types of binding rulings: private rulings, product rulings, public rulings and status rulings.
Non-binding statements are generally limited to topics on which the Commissioner is unable to make a binding ruling. There are four types of non-binding statements: interpretation statements, interpretation guidelines, standard practice statements and operational statements.