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March 2004 Issue

Bulletin

MOF OFFERS ADVANCED TAX RULINGS

On 31 December 2003, the Ministry of Finance (MOF) issued the Regulations Governing Ad-vanced Tax Ruling, which took effect on 1 January 2004. From 1 January 2004, taxpayers intending to conduct transactions meeting the requirements set forth in the regulations may apply to the MOF for an advanced tax ruling on issues concerning tax implications of such transactions. The MOF hopes that this service will help to establish con ... More

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