Advance Pricing Agreement Process - International Taxation - Income Tax

Advance Pricing Agreement Process The APA Scheme involves the following process: Pre filing consultation Furnishing of an APA application Acceptance/rejection Of an APA application Action by the taxpayer, the assessing officer and the transfer pricing officer while the APA is processed or negotiated Amendment to an APA application Assignment of an APA application to APA team Examination and analysis of an APA application Conversion of a unilateral APA into bilateral APA Entering into a unilateral APA Negotiation by the competent authority in bilateral/multilateral APA and entering into an APA Action by the taxpayer and the assessing officer on entering into an APA Annual compliance report Compliance audit of the agreement Cancellation and revision of APA.