<h1>CBDT Signs 5 Unilateral and 2 Bilateral Advance Pricing Agreements in January 2018, Totaling 196 APAs to Date.</h1> The Central Board of Direct Taxes (CBDT) signed five Unilateral Advance Pricing Agreements (UAPAs) and two Bilateral Advance Pricing Agreements (BAPAs) in January 2018, bringing the total to 196 APAs. This includes 178 UAPAs and 18 BAPAs, with 44 APAs signed in the current financial year. The agreements cover sectors like Banking, Insurance, and IT, addressing international transactions such as IT services and royalty payments. Notably, the first BAPA with the USA was included. The APA program is recognized for resolving complex transfer pricing issues transparently, promoting a non-adversarial tax regime.