Advance Rulings Procedures

Victoria University of Wellington Law Review, Vol. 15, pp. 237-252, 1985

9 Pages Posted: 25 Mar 2010

See all articles by John Prebble KC

John Prebble KC

Victoria University of Wellington, Te Herenga Waka - Faculty of Law; Institut für Österreichisches und Internationales Steuerrecht, Wirtschaftsuniversität Wien; University of Notre Dame Australia - School of Law

Date Written: 1985

Abstract

New Zealand has an advance rulings procedure but because the rulings are not binding they cannot be relied upon. The article argues that a formal, binding, advance ruling procedure for income tax questions should be instituted in New Zealand. The two most relevant models for New Zealand are the Swedish and Canadian models. Both are analysed. The current position in New Zealand, including what may be ruled on, is presented. The procedures and operation of a transition to a binding procedure are considered, including suggested legislation to implement the change.

The New Zealand Parliament adopted the principles of the recommendations in this article. Part VA of the Income Tax Amendment Act 1994 provides for binding advance rulings.

Keywords: Advance rulings, Tax law, Income tax

JEL Classification: K34

Suggested Citation

Prebble KC, John, Advance Rulings Procedures (1985). Victoria University of Wellington Law Review, Vol. 15, pp. 237-252, 1985, Available at SSRN: https://ssrn.com/abstract=1576891

John Prebble KC (Contact Author)

Victoria University of Wellington, Te Herenga Waka - Faculty of Law ( email )

PO Box 600
Wellington, 6140
New Zealand
+64 4 463 6311 (Phone)
Papers Indexed at HOME PAGE (Fax)

HOME PAGE: http://www.victoria.ac.nz/law/staff/prebble-scholarly.aspx

Institut für Österreichisches und Internationales Steuerrecht, Wirtschaftsuniversität Wien ( email )

Welthandelsplatz 1
Vienna, Wien 1020
Austria

University of Notre Dame Australia - School of Law

Sydney Campus, New South Wales
Australia

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