Advance tax ruling: Difference between revisions
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imported>Doug Williamson (Add abbreviation 'ATR'. Source: Merlyn International Tax solutions: http://www.merlyn.eu/merlyn.asp?p=35) |
imported>Doug Williamson (Link with Clearance page.) |
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In relation to major transactions, the parties may make the obtaining of a favourable advance tax ruling a precondition to completing the transaction. | In relation to major transactions, the parties may make the obtaining of a favourable advance tax ruling a precondition to completing the transaction. | ||
Sometimes also known as 'tax clearance' or 'pre-clearance'. | |||
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*[[Tax transparency initiative]] | *[[Tax transparency initiative]] | ||
*[[Base erosion and profit shifting]] | *[[Base erosion and profit shifting]] | ||
*[[Clearance]] | |||
Revision as of 07:20, 4 June 2015
(ATR).
An advance tax ruling is a written confirmation by a tax authority of its interpretation of the tax law applying to a proposed transaction.
In relation to major transactions, the parties may make the obtaining of a favourable advance tax ruling a precondition to completing the transaction.
Sometimes also known as 'tax clearance' or 'pre-clearance'.
