https://www.taxtmi.com/news?id=17266 Bilateral Advance Pricing Agreements (BAPAs) establish a pre agreed transfer pricing framework between two tax administrations, providing prospective certainty in tax treatment for the APA term. Inclusion of rollback provisions permits application of the APA methodology to specified prior years, enabling corresponding adjustments in the other jurisdiction and addressing economic double taxation. Bilateral APAs align both countries' positions, facilitate corresponding adjustments for transfer pricing changes, and advance a non adversarial tax regime. en-us Sat, 14 Jan 2017 10:09:20 +0530 Sat, 14 Jan 2017 10:09:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17266 Bilateral Advance Pricing Agreements (BAPAs) establish a pre agreed transfer pricing framework between two tax administrations, providing prospective certainty in tax treatment for the APA term. Inclusion of rollback provisions permits application of the APA methodology to specified prior years, enabling corresponding adjustments in the other jurisdiction and addressing economic double taxation. Bilateral APAs align both countries' positions, facilitate corresponding adjustments for transfer pricing changes, and advance a non adversarial tax regime. News - Sat, 14 Jan 2017 10:09:20 +0530 https://www.taxtmi.com/news?id=17266