Advance Ruling System for Income Tax

Key requirements

A ruling applies to the applicant, arrangement and stated periods and provisions. It is not a general approval available to unrelated taxpayers. IRAS may decline requests involving foreign law, treaty interpretation, factual determinations, insufficient information or matters already under assessment, audit or appeal. A request simply asking what the law clearly says is also outside its purpose. Prepare complete commercial facts and the legal interpretation issue before applying, and consult the published fee and procedure requirements. Changes to the actual arrangement or legal provisions may affect reliance. The page also links to the specialised economic-substance ruling process for foreign asset disposal gains under section 10L.