{"id":113001,"date":"2017-03-09T15:10:20","date_gmt":"2017-03-09T09:40:20","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=113001"},"modified":"2017-03-09T15:21:51","modified_gmt":"2017-03-09T09:51:51","slug":"cbdt-signs-bilateral-advance-pricing-agreement-with-subsidiary-of-a-japanese-company","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2017\/03\/09\/cbdt-signs-bilateral-advance-pricing-agreement-with-subsidiary-of-a-japanese-company\/","title":{"rendered":"CBDT signs Bilateral Advance Pricing Agreement with subsidiary of a Japanese Company"},"content":{"rendered":"

The Central Board of Direct Taxes (CBDT) has entered into a bilateral Advance Pricing Agreement (APA) with rollback provision with a Japanese subsidiary on 6th March, 2017. The total number of APAs entered into by the CBDT has reached 141 with this signing. The CBDT expects more APAs to be concluded and signed before the end of the current fiscal.<\/p>\n

With this signing, the total number of bilateral APAs with Japanese subsidiaries has reached five, all with rollback provisions. Four APAs out of these five have been signed in the current financial year. All these five bilateral APAs are with Japanese trading companies (Sogo Soshas). Certainty in tax treatment for Sogo Soshas has been a long standing demand of the Japanese industry. The bilateral signing of APAs in this sector provides tax certainty up to nine years in each of these cases.<\/p>\n\n\n\n\n\n\n\n\n\n
\n

Number of Advance Pricing Agreements signed<\/strong><\/p>\n<\/td>\n<\/tr>\n

S.\u00a0No<\/strong><\/td>\nFinancial Year<\/strong><\/td>\nUnilateral APAs<\/strong><\/td>\nBilateral APAs<\/strong><\/td>\nTotal<\/strong><\/td>\n<\/tr>\n
1<\/td>\n2013-14<\/strong><\/td>\n5<\/td>\n0<\/td>\n5<\/td>\n<\/tr>\n
2<\/td>\n2014-15<\/strong><\/td>\n3<\/td>\n1<\/td>\n4<\/td>\n<\/tr>\n
3<\/td>\n2015-16<\/strong><\/td>\n53<\/td>\n2<\/td>\n55<\/td>\n<\/tr>\n
4<\/td>\n2016-17 \u00a0(up to 6-03-2017)<\/strong><\/td>\n69<\/td>\n8<\/td>\n77<\/td>\n<\/tr>\n
Total<\/strong><\/td>\n130<\/strong><\/td>\n11<\/strong><\/td>\n141<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Ministry of Finance<\/p>\n","protected":false},"excerpt":{"rendered":"

The Central Board of Direct Taxes (CBDT) has entered into a bilateral Advance Pricing Agreement (APA) with rollback provision with a Japanese <\/p>\n","protected":false},"author":91,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1188,2],"tags":[],"class_list":["post-113001","post","type-post","status-publish","format-standard","hentry","category-hot_off_the_press","category-news"],"yoast_head":"\nCBDT signs Bilateral Advance Pricing Agreement with subsidiary of a Japanese Company | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2017\/03\/09\/cbdt-signs-bilateral-advance-pricing-agreement-with-subsidiary-of-a-japanese-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBDT signs Bilateral Advance Pricing Agreement with subsidiary of a Japanese Company\" \/>\n<meta property=\"og:description\" content=\"The Central Board of Direct Taxes (CBDT) has entered into a bilateral Advance Pricing Agreement (APA) with rollback provision with a Japanese\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2017\/03\/09\/cbdt-signs-bilateral-advance-pricing-agreement-with-subsidiary-of-a-japanese-company\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2017-03-09T09:40:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-03-09T09:51:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/08\/North-Block.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1330\" \/>\n\t<meta property=\"og:image:height\" content=\"887\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Saba\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Saba\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2017\/03\/09\/cbdt-signs-bilateral-advance-pricing-agreement-with-subsidiary-of-a-japanese-company\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/2017\/03\/09\/cbdt-signs-bilateral-advance-pricing-agreement-with-subsidiary-of-a-japanese-company\/\",\"name\":\"CBDT signs Bilateral Advance Pricing Agreement with subsidiary of a Japanese Company | SCC Times\",\"isPartOf\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\"},\"datePublished\":\"2017-03-09T09:40:20+00:00\",\"dateModified\":\"2017-03-09T09:51:51+00:00\",\"author\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/e8e76b10dfc9c0d576324bfdbb2c2785\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2017\/03\/09\/cbdt-signs-bilateral-advance-pricing-agreement-with-subsidiary-of-a-japanese-company\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.scconline.com\/blog\/post\/2017\/03\/09\/cbdt-signs-bilateral-advance-pricing-agreement-with-subsidiary-of-a-japanese-company\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2017\/03\/09\/cbdt-signs-bilateral-advance-pricing-agreement-with-subsidiary-of-a-japanese-company\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.scconline.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CBDT signs Bilateral Advance Pricing Agreement with subsidiary of a Japanese Company\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\",\"url\":\"https:\/\/www.scconline.com\/blog\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.scconline.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/e8e76b10dfc9c0d576324bfdbb2c2785\",\"name\":\"Saba\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/a815285315cd85d8b3246c60ed8ed99825949c1b85b370c49212daa54ededa98?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/a815285315cd85d8b3246c60ed8ed99825949c1b85b370c49212daa54ededa98?s=96&d=mm&r=g\",\"caption\":\"Saba\"},\"url\":\"https:\/\/www.scconline.com\/blog\/post\/author\/editor_2\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CBDT signs Bilateral Advance Pricing Agreement with subsidiary of a Japanese Company | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2017\/03\/09\/cbdt-signs-bilateral-advance-pricing-agreement-with-subsidiary-of-a-japanese-company\/","og_locale":"en_US","og_type":"article","og_title":"CBDT signs Bilateral Advance Pricing Agreement with subsidiary of a Japanese Company","og_description":"The Central Board of Direct Taxes (CBDT) has entered into a bilateral Advance Pricing Agreement (APA) with rollback provision with a Japanese","og_url":"https:\/\/www.scconline.com\/blog\/post\/2017\/03\/09\/cbdt-signs-bilateral-advance-pricing-agreement-with-subsidiary-of-a-japanese-company\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2017-03-09T09:40:20+00:00","article_modified_time":"2017-03-09T09:51:51+00:00","og_image":[{"width":1330,"height":887,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/08\/North-Block.jpg","type":"image\/jpeg"}],"author":"Saba","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Saba","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2017\/03\/09\/cbdt-signs-bilateral-advance-pricing-agreement-with-subsidiary-of-a-japanese-company\/","url":"https:\/\/www.scconline.com\/blog\/post\/2017\/03\/09\/cbdt-signs-bilateral-advance-pricing-agreement-with-subsidiary-of-a-japanese-company\/","name":"CBDT signs Bilateral Advance Pricing Agreement with subsidiary of a Japanese Company | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"datePublished":"2017-03-09T09:40:20+00:00","dateModified":"2017-03-09T09:51:51+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/e8e76b10dfc9c0d576324bfdbb2c2785"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2017\/03\/09\/cbdt-signs-bilateral-advance-pricing-agreement-with-subsidiary-of-a-japanese-company\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2017\/03\/09\/cbdt-signs-bilateral-advance-pricing-agreement-with-subsidiary-of-a-japanese-company\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2017\/03\/09\/cbdt-signs-bilateral-advance-pricing-agreement-with-subsidiary-of-a-japanese-company\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"CBDT signs Bilateral Advance Pricing Agreement with subsidiary of a Japanese Company"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/e8e76b10dfc9c0d576324bfdbb2c2785","name":"Saba","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/a815285315cd85d8b3246c60ed8ed99825949c1b85b370c49212daa54ededa98?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a815285315cd85d8b3246c60ed8ed99825949c1b85b370c49212daa54ededa98?s=96&d=mm&r=g","caption":"Saba"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_2\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":99501,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/01\/15\/cbdt-signs-bilateral-advance-pricing-agreement\/","url_meta":{"origin":113001,"position":0},"title":"CBDT signs Bilateral Advance Pricing Agreement","author":"Saba","date":"January 15, 2017","format":false,"excerpt":"The Central Board of Direct Taxes (CBDT) entered into a Bilateral Advance Pricing Agreement (BAPA) on the 13th of January, 2017 with Indian subsidiary of a Japanese trading company. Recently, the CBDT has also modified an existing Bilateral APA with another Indian subsidiary of a Japanese company to include rollback\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72811,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/09\/24\/cbdt-signs-5-more-unilateral-advance-pricing-agreements\/","url_meta":{"origin":113001,"position":1},"title":"CBDT signs 5 more Unilateral Advance Pricing Agreements","author":"Saba","date":"September 24, 2016","format":false,"excerpt":"Central Board of Direct taxes signs five \u00a0more Unilateral Advance Pricing Agreements (APAs); Total Number of APAs Entered Into by the CBDT Reaches 103.\u00a0 The Central Board of Direct Taxes (CBDT) entered into five (5) unilateral Advance Pricing Agreements (APAs) today with Indian taxpayers. One of these Agreements has a\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":87731,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/11\/26\/cbdt-signs-4-unilateral-advance-pricing-agreements-pertaining-to-various-sectors-of-economy-including-pharmaceuticals-information-technology-construction\/","url_meta":{"origin":113001,"position":2},"title":"CBDT signs 4 Unilateral Advance Pricing Agreements pertaining to various sectors of economy including pharmaceuticals, Information Technology & construction","author":"Saba","date":"November 26, 2016","format":false,"excerpt":"The Central Board of Direct Taxes (CBDT) has entered into four more unilateral Advance Pricing Agreements (APAs) on 22nd and 23rd November, 2016. Some of these agreements also have a \u201cRollback\u201d provision in them.\u00a0With these four signings, the total number of APAs entered into by the CBDT has reached 115.\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138981,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/06\/29\/cbdt-entered-into-5-unilateral-advance-pricing-agreements-with-indian-taxpayers\/","url_meta":{"origin":113001,"position":3},"title":"CBDT entered into 5 Unilateral Advance Pricing Agreements with Indian taxpayers","author":"Saba","date":"June 29, 2017","format":false,"excerpt":"The Central Board of Direct Taxes (CBDT) entered into Five Unilateral Advance Pricing Agreement with Indian taxpayers during June, 2017. A Bilateral Advance Pricing Agreement (involving United Kingdom) was also signed during the month. The APA Scheme endeavours to provide certainty to taxpayers in the domain of transfer pricing by\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96141,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/01\/02\/central-board-of-direct-taxes-signs-2-advance-pricing-agreements\/","url_meta":{"origin":113001,"position":4},"title":"Central Board of Direct Taxes signs 2 Advance Pricing Agreements","author":"Saba","date":"January 2, 2017","format":false,"excerpt":"The Central Board of Direct Taxes (CBDT) has closed the year 2016 by entering into two more unilateral Advance Pricing Agreements (APAs).\u00a0The APA Scheme was introduced in the Income Tax Act in 2012 and the \u201cRollback\u201d provisions were introduced in 2014. The scheme endeavours to provide certainty to taxpayers in\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":82601,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/10\/29\/cbdt-signs-5-unilateral-advance-pricing-agreements-with-indian-taxpayers\/","url_meta":{"origin":113001,"position":5},"title":"CBDT signs 5 Unilateral Advance Pricing Agreements with Indian taxpayers","author":"Saba","date":"October 29, 2016","format":false,"excerpt":"The Central Board of Direct Taxes (CBDT), Department of Revenue, Ministry of Finance entered into five (5) Unilateral Advance Pricing Agreements (APAs) today, i.e. 27th October, 2016 with Indian taxpayers.\u00a0The Agreements cover a range of international transactions, including sale of finished goods, purchase of raw materials, software development services, IT\u2026","rel":"","context":"In "Hot Off The Press"","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/12\/DSC_4762-e1474523869607.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/113001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/91"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=113001"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/113001\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=113001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=113001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=113001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}