India Signs First Bilateral Advance Pricing Agreement (APA) With A Japanese Company; APA Period is Five Years;

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..... India Signs First Bilateral Advance Pricing Agreement (APA) With A Japanese Company; APA Period is Five Years;
News and Press Release
Dated:- 20-12-2014

APA Scheme Introduced to Bring Ab .....

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..... out Certainty and Uniformity in Transfer Pricing Matters of Multi-National Companies and Reducing Litigation Central Board of Direct Taxes (CBDT) signed here today a bilateral Advance Pricing Agreeme .....

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..... nt (APA) with a Japanese Company. This is India's first bilateral APA. The APA is for a period of five years. The APA has been finalized in a period of about one and a half years, which is shorter tha .....

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..... n time normally taken in finalizing APAs internationally. The APA scheme has been introduced to bring about certainty and uniformity in transfer pricing matters of multi-national companies and reduci .....

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..... ng litigation. APAs will improve investment climate in the country. In the context of growing economic ties between Japan and India, especially after the Prime Minister Shri Narendra Modi's visit to J .....

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..... apan, this APA is expected to generate positive sentiments among Japanese investors in India.
News - Press release - PIB .....

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