නිල පරිවර්තනයවෙනස් නොකළ පාඨය, Department of Government Printing වෙතින්
(1)
A taxpayer may apply to the Commissioner-General for a private ruling setting out the Commissioner
General’s position regarding the application of this Act to a transaction entered into, or proposed to be entered into, by the taxpayer.
(2)
The Commissioner-General shall appoint a committee of senior officers of the Department known as the
Interpretation Committee to review requests for private rulings and to issue private rulings as appropriate on behalf of the Commissioner-General.
(3)
An application under this section shall be in writing and -
(a)
include full details of the transaction to which the application relates together with all documents relevant to the transaction;
(b)
specify precisely the question on which the ruling is required; and
(c)
give a full statement setting out the opinion of the applicant as to the application of this Act to the transaction.
(4)
Subject to section 108, the Commissioner-General shall, within ninety days of receipt of the application under this section issue a private ruling on the question to the applicant.
(5)
If the taxpayer has made a full and true disclosure of all aspects of the transaction relevant to the making of a private ruling and the transaction has proceeded in all material respects as described in the taxpayer’s application for the private ruling, the private ruling shall be binding on the Commissioner-General as against the taxpayer identified but shall not be binding on the Commissioner-General as against any other taxpayer.
(6)
A private ruling shall not be binding on a taxpayer.
(7)
The Commissioner-General may specify reasonable fees to be charged in relation to an application for a private ruling.