<h1>CBDT Signs Bilateral Advance Pricing Agreements with UK, Ensures 12 Years of Tax Certainty for Indian Subsidiaries.</h1> The Central Board of Direct Taxes (CBDT) has signed two bilateral Advance Pricing Agreements (APAs) with the United Kingdom, involving two Indian subsidiaries of a UK-based multinational. These agreements, covering 2013-14 to 2017-18 with a rollback provision for 2011-12 and 2012-13, provide tax certainty for 12 years, addressing management service charges and royalty payments. This follows the resolution of transfer pricing disputes for 2006-07 to 2010-11 under the Mutual Agreement Procedure (MAP) in the India-UK Double Taxation Avoidance Agreement. The CBDT has now signed 41 APAs, including three bilateral agreements, promoting a stable tax environment.