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India Concludes A Further Five Unilateral APAs

by Mary Swire, Tax-News.com, Hong Kong

26 September 2016


India's Central Board of Direct Taxes has entered into a further five unilateral advance pricing agreements (APAs).

The APAs were signed on September 23 with Indian taxpayers operating in various sectors, including information technology, sourcing services, and investment advisory services. One of the APAs signed has a rollback provision in it.

India began offering APAs in July 2012 and the first five APAs were signed in April 2014. Rollback provisions were added in 2014. CBDT has now entered into 103 APAs in place (99 unilateral APAs and four bilateral APAs).

The CBDT said: "The progress of the APA scheme strengthens the Government's commitment to foster a non-adversarial tax regime. The approach and functioning of the officers in the APA teams have been appreciated and acknowledged by the industry in India and abroad."

TAGS: tax | investment | business | India | law | ministry of finance | agreements | internet | tax planning | transfer pricing | services | Tax

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