What is the use of product ruling for participants?

A product ruling similar to the public ruling under the act of Taxatio Administration and it provides required information to potential participants related to the tax outcome of an arrangement. Any participants want to discuss their problem before applying the product ruling they can submit the request of early engagement. Every product ruling can be made for a person who invest in product, for particular arrangement and for specified tax laws. Public rulings, which can be made for the applicant and their partners will follow the terms of the agreement which are in use.  Prior to a product ruling is given have to provide a draft and must communicate with the applicant for confirmation that arrangement which are describes is complete and correct. If  applicant fails to give the required information to  the product ruling officer  will lead to product ruling withdrawal.