Central Board of Direct Taxes (CBDT) signs two Unilateral Advance Pricing Agreements (APAs) with Indian taxpayers, strengthening the Government’s commitment to foster a non-adversarial tax regime

Central Board of Direct Taxes (CBDT) signs two Unilateral Advance Pricing Agreements (APAs) with Indian taxpayers, strengthening the Government’s commitment to foster a non-adversarial tax regime https://www.taxtmi.com/news?id=17955 Central Board of Direct Taxes executed two unilateral Advance Pricing Agreements covering IT and Banking & Finance international transactions, including software development, IT-enabled and KPO services, each containing a Rollback provision. The APA framework specifies pricing methods and determines the arm's length price of international transactions in advance for a defined future period, and allows taxpayers to apply the agreed methodology retrospectively under rollback terms, aiming to provide transfer pricing certainty for multinational enterprises. en-us Fri, 28 Apr 2017 18:31:49 +0530 Fri, 28 Apr 2017 18:31:49 +0530 TaxTMI RSS Generator Central Board of Direct Taxes (CBDT) signs two Unilateral Advance Pricing Agreements (APAs) with Indian taxpayers, strengthening the Government’s commitment to foster a non-adversarial tax regime https://www.taxtmi.com/news?id=17955 Central Board of Direct Taxes executed two unilateral Advance Pricing Agreements covering IT and Banking & Finance international transactions, including software development, IT-enabled and KPO services, each containing a Rollback provision. The APA framework specifies pricing methods and determines the arm's length price of international transactions in advance for a defined future period, and allows taxpayers to apply the agreed methodology retrospectively under rollback terms, aiming to provide transfer pricing certainty for multinational enterprises. News - Fri, 28 Apr 2017 18:31:49 +0530 https://www.taxtmi.com/news?id=17955