{"id":220419,"date":"2019-10-01T18:15:53","date_gmt":"2019-10-01T12:45:53","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=220419"},"modified":"2019-10-01T17:38:54","modified_gmt":"2019-10-01T12:08:54","slug":"cbdt-inks-the-300th-advance-pricing-agreement","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2019\/10\/01\/cbdt-inks-the-300th-advance-pricing-agreement\/","title":{"rendered":"CBDT inks the 300th Advance Pricing Agreement"},"content":{"rendered":"<p style=\"text-align: justify;\">The <strong>Central Board of Direct Taxes (CBDT) has signed the 300th Advance Pricing Agreement (APA) during the month of September, 2019. This is a significant landmark of India\u2019s APA Programme, which is currently in its seventh year.<\/strong><\/p>\n<p style=\"text-align: justify;\">Three APAs were entered into in September, 2019 (2 Unilateral and 1 Bilateral APA), which has taken the total number of APAs signed by CBDT to 300. During the ongoing fiscal, the total number of APAs entered into has gone up to 29 (27 Unilateral and 2 Bilateral APAs). The Bilateral APA signed in September, 2019 pertains to the United Kingdom.<\/p>\n<p style=\"text-align: justify;\">The APAs entered into during September, 2019 pertain to various sectors of the economy like retail, garments, and consumer foods. The international transactions covered in these agreements, inter alia, include the provision of software development services, contract manufacturing, provision of IT-enabled Services and provision of Support Services.<\/p>\n<p style=\"text-align: justify;\">The APA Scheme continues to make good progress in providing tax certainty to MNEs. It reflects the Government\u2019s commitment towards fostering a non-adversarial tax regime.<\/p>\n<hr \/>\n<p><strong>Ministry of Finance<\/strong><\/p>\n<p style=\"text-align: right;\"><strong>[Press Release dt. 01-10-2019]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Board of Direct Taxes (CBDT) has signed the 300th Advance Pricing Agreement (APA) during the month of September, 2019. This <\/p>\n","protected":false},"author":8808,"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":[37803],"class_list":["post-220419","post","type-post","status-publish","format-standard","hentry","category-hot_off_the_press","category-news","tag-advance-pricing-agreement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CBDT inks the 300th Advance Pricing Agreement | 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\/2019\/10\/01\/cbdt-inks-the-300th-advance-pricing-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CBDT inks the 300th Advance Pricing Agreement\" \/>\n<meta property=\"og:description\" content=\"The Central Board of Direct Taxes (CBDT) has signed the 300th Advance Pricing Agreement (APA) during the month of September, 2019. 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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 &quot;Hot Off The Press&quot;","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":220419,"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 &quot;Hot Off The Press&quot;","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":220419,"position":2},"title":"CBDT signs 4 Unilateral Advance Pricing Agreements pertaining to various sectors of economy including pharmaceuticals, Information Technology &#038; 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 &quot;Hot Off The Press&quot;","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":220419,"position":3},"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 &quot;Hot Off The Press&quot;","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":113001,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/03\/09\/cbdt-signs-bilateral-advance-pricing-agreement-with-subsidiary-of-a-japanese-company\/","url_meta":{"origin":220419,"position":4},"title":"CBDT signs Bilateral Advance Pricing Agreement with subsidiary of a Japanese Company","author":"Saba","date":"March 9, 2017","format":false,"excerpt":"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\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","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":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":220419,"position":5},"title":"CBDT signs 4 unilateral Advance Pricing Agreements\u00a0pertaining to Manufacturing, Financial &#038; 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 &quot;Hot Off The Press&quot;","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":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/220419","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\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=220419"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/220419\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=220419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=220419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=220419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}