{"id":138981,"date":"2017-06-29T11:48:26","date_gmt":"2017-06-29T06:18:26","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=138981"},"modified":"2017-06-29T11:48:26","modified_gmt":"2017-06-29T06:18:26","slug":"cbdt-entered-into-5-unilateral-advance-pricing-agreements-with-indian-taxpayers","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2017\/06\/29\/cbdt-entered-into-5-unilateral-advance-pricing-agreements-with-indian-taxpayers\/","title":{"rendered":"CBDT entered into 5 Unilateral Advance Pricing Agreements with Indian taxpayers"},"content":{"rendered":"
\n
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.<\/div>\n
\n

The APA Scheme endeavours to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and determining the arm\u2019s length price of international transactions in advance for the maximum of five future years. Further, the taxpayer has the option to rollback the APA for four preceding years, as a result of which, tax certainty for a total period of nine years is provided. Since its inception, the APA scheme has attracted tremendous interest among Multi National Enterprises (MNEs).<\/p>\n

The APAs signed in June, 2017 pertain to healthcare, information technology and gaming\/animation (media) sectors of the economy.<\/p>\n

The number of Unilateral APAs signed in the current financial year is now nine and the number of Bilateral APAs signed in the current financial year is one.\u00a0With this, the total number of APAs signed since the commencement of the program till date stands at 162 (Unilateral-150 and Bilateral-12). The CBDT expects more APAs to be signed in the near future.<\/p>\n

The progress of the APA Scheme strengthens the Government\u2019s commitment to foster a non-adversarial tax regime.<\/p>\n

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

The Central Board of Direct Taxes (CBDT) entered into Five Unilateral Advance Pricing Agreement with Indian taxpayers during June, 2017. A Bilateral <\/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-138981","post","type-post","status-publish","format-standard","hentry","category-hot_off_the_press","category-news"],"yoast_head":"\nCBDT entered into 5 Unilateral Advance Pricing Agreements with Indian taxpayers | 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\/06\/29\/cbdt-entered-into-5-unilateral-advance-pricing-agreements-with-indian-taxpayers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBDT entered into 5 Unilateral Advance Pricing Agreements with Indian taxpayers\" \/>\n<meta property=\"og:description\" content=\"The Central Board of Direct Taxes (CBDT) entered into Five Unilateral Advance Pricing Agreement with Indian taxpayers during June, 2017. 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One of the Agreements also has \u201cRollback\u201d provision. The two APAs signed pertain to chip design\/development of embedded software and Information technology\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":127861,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/04\/29\/cbdt-signs-two-unilateral-advance-pricing-agreements-with-indian-taxpayers\/","url_meta":{"origin":138981,"position":1},"title":"CBDT signs two Unilateral Advance Pricing Agreements with Indian taxpayers","author":"Saba","date":"April 29, 2017","format":false,"excerpt":"The Central Board of Direct Taxes (CBDT) has entered into two Unilateral Advance Pricing Agreements (APAs) with Indian taxpayers, strengthening the Government\u2019s commitment to foster a non-adversarial tax regime. Both the agreements also have a \u201cRollback\u201d provision in them. The 2 APAs signed pertain to Information Technology and Banking &\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":146241,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/08\/01\/govt-enters-into-9-unilateral-advance-pricing-agreements-with-indian-taxpayers-in-july-2017\/","url_meta":{"origin":138981,"position":2},"title":"Govt. enters into 9 Unilateral Advance Pricing Agreements with Indian taxpayers in July, 2017","author":"Saba","date":"August 1, 2017","format":false,"excerpt":"The Central Board of Direct Taxes (CBDT) entered into nine Unilateral Advance Pricing Agreements (UAPAs) with Indian taxpayers in the month of July, 2017. Some of the UAPAs signed had rollback provisions also. The APA Scheme endeavours to provide certainty to taxpayers in the domain of transfer pricing by specifying\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":[]},{"id":104461,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/02\/07\/cbdt-signs-4-unilateral-advance-pricing-agreements-pertaining-to-manufacturing-financial-information-technology-sectors\/","url_meta":{"origin":138981,"position":3},"title":"CBDT signs 4 unilateral Advance Pricing Agreements\u00a0pertaining to Manufacturing, Financial & Information Technology sectors","author":"Saba","date":"February 7, 2017","format":false,"excerpt":"The Central Board of Direct Taxes (CBDT),Department of Revenue, Ministry of Finance has entered into four more unilateral Advance Pricing Agreements (APAs) yesterday. The four APAs signed pertain to the Manufacturing, Financial and Information Technology sectors of the economy. The international transactions covered in these agreements include Contract Manufacturing, 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":"","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":138981,"position":4},"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":[]},{"id":72811,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/09\/24\/cbdt-signs-5-more-unilateral-advance-pricing-agreements\/","url_meta":{"origin":138981,"position":5},"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. 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