Opinion: Fast-tracking APAs
- Blog|News|Transfer Pricing|
- < 1 minute
- By Taxmann
- |
- Last Updated on 19 January, 2022
Latest from Taxmann
Sanjay Kumar, Partner, Deloitte India – [2022] 134 taxmann.com 172 (Article)
In 2012, the Government of India introduced an important tax dispute prevention mechanism, Advance Pricing Agreement (APA), for cross-border related party transactions. This was particularly important for new and prospective investments, in particular for Multinational Enterprises (MNEs) who otherwise were suffering considerable tax adjustments [i.e., transfer pricing (TP) adjustments] ever since TP rules were brought in the tax statute in 2001.
The government accorded great significance to the APA programme and considered it a flagship programme. Having received about 1,300 applications, the programme has been quite popular so far. More than 370 APAs have been signed so far, providing tax certainty to MNEs on intra-group international transactions for 5 prospective years and for a possible 4 previous years, counted from the date of filing the application. These numbers do include about 50 bilateral APAs, which allow double taxation avoidance also, under the tax treaties with various countries.
Click Here To Read The Full Article
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
