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of <h1>CBDT Signs 300th Advance Pricing Agreement, Strengthening Stable Tax Environment for Multinationals in India.</h1> The Central Board of Direct Taxes (CBDT) has achieved a milestone by signing its 300th Advance Pricing Agreement (APA) in September 2019, marking seven years of the APA Programme in India. In that month, CBDT signed three APAs, comprising two Unilateral and one Bilateral agreement with the United Kingdom. This brings the total APAs for the fiscal year to 29, covering sectors such as retail, garments, and consumer foods. The agreements involve international transactions like software development, contract manufacturing, and IT services, underscoring the government's commitment to a stable tax environment for multinational enterprises.
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