Section 62

Binding public rulings 

Finance Act, 2018Effective 1st July 2018
(1) The Commissioner may make a public ruling in accordance with section 62 section 63 setting out the Commissioner’s interpretation of a tax law.

 (2) A public ruling made in accordance with section 63 shall be binding on the Commissioner until the ruling is withdrawn by the Commissioner.

(3) A public ruling shall not be binding on a taxpayer.

Next