FINANCE ACCOUNTING COACH | Free Online Accountant Reference Site

In earlier article the mechanism of the single-tier corporate tax system as announced in the Budget 2008 on Sept 7 has been discussed.

Reported in the Press, as a result of the effect of the new system on dividends this will pose some of the following impact on:-

Corporate:

Chemical paint maker Acoustech Bhd has had to change its [...]

Two Major Changes are:

The abolishment of the imputation system and the implementation of single-tier system of taxation for dividends, impacting both the Inland Revenue Board (IRB) and the taxpayer. Present:

Company income tax is based on the full imputation system where tax is imposed at the company level and at the shareholder level on dividends. The tax [...]

Advance Tax Ruling (ATR) was introduced during the 2007 Budget speech (1/9/2006) by Datuk Abdullah Badawi.
So what is difference between an Advance Tax Ruling compared to the Public Ruling?
Append below the contrast:
Advance Tax Ruling:

Advance Tax Ruling is the Director-General of Inland Revenue’s written interpretation on how any provision of the Income Tax Act, 1967
It applies to [...]