PUBLIC RULINGS
 

A Ruling is issued for the purpose of providing guidance for the public and officers of the Inland Revenue Board. It sets out the interpretation of the Director General of Inland Revenue in respect of the particular tax law, and the policy and procedure that are to be applied.

List of Public Rulings

Ruling no.	Name of Public Ruling	Issued / Updated	Effective YA
02/2010	Allowable Pre-operational & Pre-commencement Of Business Expenses	03.06.2010	2010
01/2010	Withholding Tax In Income Under Paragraph 4(f)	19.04.2010	01.01.2009
03/2009	Professional Indemnity Insurance	30.07.2009	2008
02/2009	Construction Contracts	22.05.2009	2006
01/2009	Property Development	22.05.2009	2006
03/2008	Entertainment Expense	22.10.2008	2008
02/2008	Reinvestment Allowances	03.04.2008	2008
01/2008	Special Allowances For Small Value Assets	27.03.2008	2006
06/2006	Tax Treatment Of Legal And Professional Expenses	06.07.2006	2006
05/2006	Professional Indemnity Insurance	31.05.2006	SS
04/2006	Valuation Of Stock In Trade And Work In Progress - Part 1	31.05.2006	2006
03/2006	Property Development And Construction Contracts	13.03.2006	SS
02/2006	Tax Borne By Employers	17.01.2006	2005
01/2006	Perquisites From Employment	17.01.2006	2005
	Addendum	30.08.2007	2007
	2nd Addendum	25.02.2009	2008
	IRB Letter On Meal and Daily Allowances	23.06.2009	2008
	Announcement : Tax Exemption On Benefit In Kind	10.07.2009	2008
	3rd Addendum	30.07.2009	2008
06/2005	Trade Association	08.12.2005	2005
	Addendum	01.07.2009	2009
05/2005	Deduction For Loss Of Cash And Treatment Of Recoveries	14.11.2005	2005
04/2005	Withholding Tax On Special Classes Of Income	12.09.2005	12.09.2005
	Addendum	30.11.2007	02.09.2006
	2nd Addendum	04.01.2010
03/2005	Living Accommodation Benefit Provided For The Employee	11.08.2005	2005
	2nd Addendum	05.02.2009	2009
02/2005	Computation Of Income Tax Payable  By A Resident Individual	06.06.2005	2004
	Addendum	06.07.2006	2006
	2nd Addendum	03.01.2008	2006 & 2007
01/2005	Computation Of Total Income For Individual	05.02.2005	2004
05/2004	Double Deduction Incentive On Research Expenditure	30.12.2004	2005
	Addendum	03.04.2008	2008
04/2004	Employee Share Option Scheme Benefit	09.12.2004	2004
03/2004	Entertainment Expense	08.11.2004	SS
	Addendum	23.08.2007	SS
02/2004	Benefit In Kind	08.11.2004	2004
	1st Addendum	20.05.2005	08.11.2004
	2nd Addendum	17.01.2006	17.01.2006
	3rd Addendum	17.04.2009	2008
	4th Addendum	19.04.2010	2008
01/2004	Income From Letting Of Real Property	30.06.2004	2004
02/2003	"Key-man" Insurance	30.12.2003	2004
01/2003	Tax Treatment Of Leave Passage	05.08.2003	2003
	Addendum	23.08.2007	2007
02/2002	Pre-operational & Pre-commencement Of Business Expenses	08.07.2002	SS
01/2002	Deduction For Bad & Doubtful Debts and Treatment of Recoveries	02.04.2002	2002
07/2001	Basis Period For Business & Non Business Sources (Company)	30.04.2001	2001
06/2001	Basis Period For Business Source (Individuals & Other than Co.)	30.04.2001	2001
05/2001	Basis Period For A Business Source (Co-Operatives)	30.04.2001	2001
04/2001	Basis Period For Non Business Source (Individuals & Other than Co.)	30.04.2001	2001
03/2001	Appeal Against An Assessment	18.01.2001	2001
	Addendum	18.05.2009	01.01.2009
02/2001	Computation Of Initial & Annual Allowances For Plant & Machinery	18.01.2001	2000CYB
01/2001	Ownership of Plant and Machinery For Claiming Capital Allowances	18.01.2001	2000CYB
08/2000	Wilful Evasion Of Tax And Related Offences	30.12.2000	01.01.2001
07/2000	Providing Reasonable Facilities And Assistance	16.06.2000	-
06/2000	Keeping Sufficient Records (Persons other than Co & Individuals)	30.06.2001	2001
	Keeping Sufficient Records (Persons other than Co & Individuals)	01.03.2000	SS
05/2000	Keeping Sufficient Records (Individuals & Partnership)	30.06.2001	2001
	Keeping Sufficient Records (Individuals & Partnership)	01.03.2000	SS
04/2000	Keeping Sufficient Records (Companies & Co-operatives)	30.06.2001	2001
	Keeping Sufficient Records (Companies & Co-operatives)	01.03.2000	SS
03/2000	Basis Period For Business Source (Individuals & Persons Other than Co)	01.03.2000	SS
02/2000	Basis Period For Business Source (Companies & Co-operatives)	01.03.2000	SS
01/2000	Basis Period For Non Business Source	01.03.2000	SS

Note : SS = Superseeded

Updated On 18th June 2010.

Copyright © 2010 Synergy Management Services