<h1>CBDT Signs Three New APAs with UK, Boosting Total to 189; Enhances Certainty in Transfer Pricing for Key Sectors.</h1> The Central Board of Direct Taxes (CBDT) signed three Advance Pricing Agreements (APAs) in December 2017, including two Unilateral and one Bilateral with the United Kingdom, bringing the total to 189 APAs. These agreements involve the Electronics, Coal, and Insurance sectors, covering transactions like Software Development Services and IT-enabled Services. Introduced in 2012, the APA scheme aims to provide certainty in transfer pricing by pre-setting international transaction prices. This initiative is part of the government's effort to create a non-adversarial tax environment, enhancing India's business climate and gaining national and international recognition for addressing complex transfer pricing issues.