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Indian Advance Pricing Agreement regime moves forward with signing of three UAPAs by CBDT in May and June, 2018

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..... Indian Advance Pricing Agreement regime moves forward with signing of three UAPAs by CBDT in May and June, 2018
News and Press Release
Dated:- 4-7-2018

Government of India Ministry of F .....

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..... inance Department of Revenue Central Board of Direct Taxes New Delhi, 4th July, 2018 PRESS RELEASE Indian Advance Pricing Agreement regime moves forward with signing of three UAPAs by CBDT in May .....

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..... and June, 2018 The Central Board of Direct Taxes (CBDT) has entered into three Unilateral Advance Pricing Agreements (UAPA) during the past couple of months. With the signing of these Agreements, th .....

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..... e total number of APAs entered into by the CBDT has gone up to 223, which inter alia include 20 Bilateral APAs. The UAPAs entered into during the past couple of months pertain to consumer industry, a .....

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..... utomobile and precious stones & metals sectors of the economy. The international transactions covered in the agreements pertain to provision of corporate guarantee, purchase of brand, availing of grad .....

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..... ing services, availing of management services and payment of royalty. The progress of the APA scheme strengthens the Government's resolve of fostering a non-adversarial tax regime. The Indian APA pro .....

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..... gramme has been appreciated nationally and internationally for being able to address complex transfer pricing issues in a fair and transparent manner. (Y. D. Sharma) Commissioner of Income Tax (Med .....

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..... ia & Technical Policy) Official Spokesperson, CBDT.
News - Press release - PIB .....

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