Indian Advance Pricing Agreement regime moves forward with signing of five UAPAs and two BAPAs by CBDT in January, 2018

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..... Indian Advance Pricing Agreement regime moves forward with signing of five UAPAs and two BAPAs by CBDT in January, 2018
News and Press Release
Dated:- 7-2-2018

Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 07th February, 2018 PRESS RELEASE Indian Advance Pricing Agreement regime moves forward with signing of five UAPAs an .....

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..... d two BAPAs by CBDT in January, 2018 The Central Board of Direct Taxes (CBDT) has entered into five Unilateral Advance Pricing Agreements (UAPA) and two Bilateral Advance Pricing Agreements (BAPA) during the month of January, 2018. With the signing of these Agreements, the total number of APAs entered into by the CBDT has gone up to 196. This includes 178 Unilateral APAs and 18 Bilateral APAs. In .....

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..... the current financial year, a total of 44 APAs (7 Bilateral and 37 Unilateral) have been signed till date. The 2 Bilateral Agreements signed in the month of January, 2018, inter alia, include the first BAPA signed with USA. The 7 APAs entered into during January, 2018 pertain to various sectors of the economy like Banking, Insurance, Investment Advisory, Information Technology, Chemicals and En .....

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..... gineering. The international transactions covered in these agreements include provision of IT enabled services, provision of software development services, contract manufacturing, payment of royalty, sale of goods, 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 interna .....

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..... tionally for being able to address complex transfer pricing issues in a fair and transparent manner. (Surabhi Ahluwalia) Commissioner of Income Tax (Media & Technical Policy) Official Spokesperson, CBDT.
News - Press release - PIB .....

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