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of <h1>India and The Netherlands Sign First Bilateral Advance Pricing Agreements in Electronics and Tech Sectors.</h1> The Central Board of Direct Taxes (CBDT) signed two Bilateral Advance Pricing Agreements (APAs) with The Netherlands in November 2017, marking the first such agreements between the two countries. This brings the total APAs by CBDT to 186, including 171 Unilateral and 15 Bilateral. The agreements involve the Electronics and Technology sectors, addressing transactions like distribution and support services. Introduced in 2012, the APA Scheme aims to provide transfer pricing certainty, and its progress reflects the government's commitment to a non-adversarial tax regime. The Indian APA programme is recognized for effectively resolving complex transfer pricing issues.
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