A product ruling is a type of public ruling under the Taxation Administration Act 1953. It gives certainty to participants (or potential participants) on the tax consequences of an arrangement (called a 'scheme'), provided the scheme is carried out as described in the ruling.
If you would like to discuss your issue with us prior to applying for a product ruling, you can submit an early engagement for advice request.
Each product ruling is made:
- for a class of entities – those who invest in the product
- in relation to a specified scheme – all the details and agreements constituting the product.