The Taxation Institute of Australia is concerned by the emergence of two concurrent rulings system following the introduction of the A New Tax System inititativesl. The system that operates for income tax and fringe benefit tax (FBT) purposes is a statutory regime. It sets out rights and in particular makes public and private rulings binding. In contrast the system for indirect taxes (the Good and Services Tax (GST), wine and luxury car taxes) has an administrative bases. The system for indirect taxes is like the system that applied for income tax and FBT up to 30 June 1992.
maintenance