THE ROLE OF ADVANCE TAX RULING IN TAX SYSTEM

Abstract

There is no doubt that as in the majority of countries, in the Georgian tax system, the advance tax ruling has an important role. It is very important that the advance tax ruling in Georgia is an administrative legal act and the existing give step appealing procedure, causes high level of lawfulness and justness of the advance tax ruling system. It would be better that the price for advance tax ruling (if it will be chargeable at all) to be more differentiated. Moreover, it is sign cantle important that any act of advance tax ruling should be public. Publicity would ensure as the protection of the taxpayer’s healthy competition level, also it would sign cantle increase the taxpayers’ awareness and would have distorted the negative public opinion, that in case of unclearness, the justice often chooses a damaging decision for the payer, which is one of the factors, which increases the investments in the country. Taking above circumstances into the consideration, it would raise the effectiveness of advance tax ruling in Georgian tax system.