SC: Tamil Nadu Governor’s Act of Withholding Assent for 10 Bills is Illegal and Erroneous  ||  Wikimedia Moves Delhi HC against Order Directing it to Remove Defamatory Content of ANI  ||  Rajasthan HC: Re-Evaluation Result Would Not Relate Back to the Date of Original Declaration of Resul  ||  Delhi High Court Directs Maintenance of Status Quo on Construction inside Kalan Masjid  ||  Delhi HC: Can’t Appreciate Delhi Govt.’s Callousness in Filling up DCPCR Vacancies  ||  SC to Decide if Term 'Regulate' in Electricity Act Covers Trade Regulation in Electricity Industry  ||  SC Expresses Displeasure at Instances of UP Police Turning Civil Disputes Being into Criminal Dispute  ||  SC: Action of Public Officer in Excess of Authority Would Attract Protection if Reasonable Nexus Show  ||  Supreme Court: Principle of Res Judicata Applies to Quasi-Judicial Proceedings  ||  SC: No Provision Under Registration Act, 1908 Allows Authority to Ascertain if Vendor has Title    

Indian Advance Pricing Agreement regime moves forward with the signing of 16 APAs by CBDT in March, 2018- (Press Information Bureau) (03 Apr 2018)

MANU/PIBU/0685/2018

Direct Taxation

The Central Board of Direct Taxes (CBDT) entered into 14 Unilateral Advance Pricing Agreements (UAPA) and 2 Bilateral Advance Pricing Agreements (BAPA) during the month of March, 2018. The 2 bilateral APAs have been entered into with the United States of America. With the signing of these Agreements, the total number of APAs entered into by the CBDT has gone up to 219. This includes 199 Unilateral APAs and 20 Bilateral APAs. A total of 67 APAs (9 Bilateral and 58 Unilateral) have been signed in the F.Y.2017-18.

The 16 APAs entered into during March, 2018 pertain to various sectors of the economy like Telecommunication, Information Technology, Automobile, Pharmaceutical, Beverage, Trading, Manufacturing and Banking, Finance & Insurance. The international transactions covered in these agreements include payment of royalty fee, provision of business support services, provision of corporate guarantee, contract manufacturing, provision of marketing support services, provision of engineering design services, provision of engineering support services, merchanting trade of agro commodity, import/export of components, provision of IT services, provision of IT enabled services, provision of investment advisory services, availing of technical services, etc.

The progress of the APA scheme strengthens the Government's resolve of fostering a non-adversarial tax regime. The Indian APA programme has been appreciated nationally and internationally for being able to address complex transfer pricing issues in a fair and transparent manner.

Tags : ADVANCE PRICING   AGREEMENT   SIGNING OF  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved