Advance Pricing Agreement compliance report requires yearly transaction-wise adjustments, critical assumption checks, and supporting documentation.

Annual Compliance Report on Advance Pricing Agreement is the prescribed income-tax form for reporting yearly compliance with an APA. It requires particulars of the person, acknowledgment number of the APA application, and transaction-wise details of adjustments made in the return of income for each covered international transaction. The form also calls for supporting annexures showing the computation of adjustment under different profit level indicator methods and other cases based on values paid, payable, received, or receivable under the APA. It further requires confirmation of compliance with critical assumptions, APA-linked documentation, and attached supporting documents.

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