CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Indian Authorities Sign Two New APAs

Indian Authorities Sign Two New APAs

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

09 October 2017


India's Central Board of Direct Taxes (CBDT) on October 6 announced that it entered into two unilateral Advance Pricing Agreements (APAs) in September.

The new APAs bring the number of such agreements signed to date to 177, comprising 164 unilateral APAs and 13 bilateral APAs. During the current financial year, a total of 25 APAs (two bilateral and 23 unilateral) have been signed so far.

The two APAs signed in September relate to taxpayers in the automobile and healthcare consulting sectors and the provision of IT-enabled services, software development services, and engineering design services.

India's relatively new APA scheme is intended to provide certainty to taxpayers in the area of intra-group transfer pricing. The CBDT said it achieves this "specifying the methods of pricing and determining the arm's length price of international transactions in advance for a maximum period of five future years." In addition, taxpayers can request that the APA apply for the preceding four years.

TAGS: tax | India | corporation tax | agreements | tax planning | transfer pricing | services

To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »