{"id":36371,"date":"2016-02-20T11:05:06","date_gmt":"2016-02-20T05:35:06","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=36371"},"modified":"2016-03-05T12:57:12","modified_gmt":"2016-03-05T07:27:12","slug":"cbdt-signs-two-bilateral-advance-pricing-agreements-apas-with-united-kingdom","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2016\/02\/20\/cbdt-signs-two-bilateral-advance-pricing-agreements-apas-with-united-kingdom\/","title":{"rendered":"CBDT Signs Two Bilateral Advance Pricing Agreements (APAs) With United Kingdom"},"content":{"rendered":"<p class=\"Standard\" style=\"text-align: justify; text-justify: inter-ideograph;\">On 29th January, 2016, the Central Board of Direct Taxes (CBDT) has entered into two bilateral Advance Pricing Agreements (APAs) with United Kingdom. CBDT has concluded three bilateral APAs, the first one being a bilateral APA signed with Japan in December, 2014 and the two bilateral APAs signed with two Indian group entities of a UK based Multi-National Company (MNC).<br \/>\nThe significance of the bilateral APAs is to provide a stable and predictable tax regime, the two Indian companies have been provided with tax certainty for 12 years each (5 years under MAP and 7 years under APA). It also address the issues of payment of management &amp; service charges and payment of royalty.<b><\/b><\/p>\n<p class=\"Standard\" style=\"text-align: right;\"><strong>-Press Information Bureau<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On 29th January, 2016, the Central Board of Direct Taxes (CBDT) has entered into two bilateral Advance Pricing Agreements (APAs) with United <\/p>\n","protected":false},"author":3,"featured_media":26751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2,8],"tags":[],"class_list":["post-36371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-treaties_conventions_internationalagreements"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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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 &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":127861,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/04\/29\/cbdt-signs-two-unilateral-advance-pricing-agreements-with-indian-taxpayers\/","url_meta":{"origin":36371,"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 &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":36371,"position":2},"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":36371,"position":3},"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":[]},{"id":193774,"url":"https:\/\/www.scconline.com\/blog\/post\/2018\/03\/05\/cbdt-achieves-important-milestone-200-apas\/","url_meta":{"origin":36371,"position":4},"title":"CBDT achieves important milestone of 200 APAs","author":"Saba","date":"March 5, 2018","format":false,"excerpt":"The Central Board of Direct Taxes (CBDT) entered into seven more Advance Pricing Agreements (APAs) during the month of February, 2018. All the seven are Unilateral APAs. With the signing of these Agreements, CBDT has crossed an important milestone of having signed 200 APAs. The total number of APAs entered\u2026","rel":"","context":"In &quot;Business News&quot;","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":179534,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/12\/30\/cbdt-enters-3-advance-pricing-agreements-december-2017\/","url_meta":{"origin":36371,"position":5},"title":"CBDT enters into 3 Advance Pricing Agreements in December, 2017","author":"Saba","date":"December 30, 2017","format":false,"excerpt":"The Central Board of Direct Taxes (CBDT) has entered into three more Advance Pricing Agreements (APAs) during the month of December, 2017. While two of the Agreements are Unilateral, one is a Bilateral with the United Kingdom. With the signing of these Agreements, the total number of APAs entered into\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\/36371","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=36371"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/36371\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/26751"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=36371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=36371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=36371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}