{"id":96141,"date":"2017-01-02T11:00:45","date_gmt":"2017-01-02T05:30:45","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=96141"},"modified":"2017-01-02T08:42:32","modified_gmt":"2017-01-02T03:12:32","slug":"central-board-of-direct-taxes-signs-2-advance-pricing-agreements","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2017\/01\/02\/central-board-of-direct-taxes-signs-2-advance-pricing-agreements\/","title":{"rendered":"Central Board of Direct Taxes signs 2  Advance Pricing Agreements"},"content":{"rendered":"<p style=\"text-align: justify;\">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 the domain of transfer pricing by specifying the methods of pricing and setting the prices of international transactions in advance. Since its inception, the APA Scheme has evinced a lot of interest from taxpayers and that has resulted in more than 700 applications (both unilateral and bilateral) being filed in just four years.<\/p>\n<p style=\"text-align: justify;\">The two APAs signed today pertain to the Information Technology and Automobile sectors. The international transactions covered in these agreements include Software Development Services, IT enabled Services, Manufacturing and Business Support Services.\u00a0With this, the total number of APAs entered into by the CBDT has reached 117. This includes 7 bilateral APAs and 110 Unilateral APAs. In the current financial year, a total of 53 APAs (4 bilateral APAs and 49 unilateral APAs) have already been entered into. The CBDT expects more APAs to be concluded and signed in the near future.<\/p>\n<p style=\"text-align: justify;\">The progress of the APA Scheme strengthens the Government\u2019s resolve of fostering a non-adversarial tax regime. The Indian APA programme has been appreciated nationally and internationally for being able to address complex transfer pricing issues in a fair and transparent manner. The approach and functioning of the officers in the APA teams have been appreciated and acknowledged by the industry in India and abroad.<\/p>\n<p style=\"text-align: right;\">Ministry of Finance<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Central Board of Direct Taxes (CBDT) has closed the year 2016 by entering into two more unilateral Advance Pricing Agreements (APAs).\u00a0The <\/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-96141","post","type-post","status-publish","format-standard","hentry","category-hot_off_the_press","category-news"],"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>Central Board of Direct Taxes signs 2 Advance 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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":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":96141,"position":1},"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":132701,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/05\/23\/cbdt-signs-2-unilateral-advance-pricing-agreements-with-indian-taxpayers\/","url_meta":{"origin":96141,"position":2},"title":"CBDT signs 2 Unilateral Advance Pricing Agreements with Indian taxpayers\u00a0","author":"Saba","date":"May 23, 2017","format":false,"excerpt":"The Central Board of Direct Taxes (CBDT) has entered into two Unilateral Advance Pricing Agreements (APA) on 04th May, 2017 and 11th May, 2017 respectively, with Indian taxpayers. 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 &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":179534,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/12\/30\/cbdt-enters-3-advance-pricing-agreements-december-2017\/","url_meta":{"origin":96141,"position":3},"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":[]},{"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":96141,"position":4},"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 &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":57231,"url":"https:\/\/www.scconline.com\/blog\/post\/2016\/07\/19\/cbdt-signs-seven-unilateral-advance-pricing-agreements-apas\/","url_meta":{"origin":96141,"position":5},"title":"CBDT signs seven Unilateral Advance Pricing Agreements (APAs)","author":"Sucheta","date":"July 19, 2016","format":false,"excerpt":"The Central Board of Direct Taxes (CBDT) entered into seven (7) Unilateral Advance Pricing Agreements (APAs) on 18th July, 2016, with Indian taxpayers. Some of these agreements also have a \u201cRollback\u201d provision in them. The APA Scheme was introduced in the Income-tax Act in 2012 and the \u201cRollback\u201d provisions were\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":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/01\/agreement.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/01\/agreement.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/01\/agreement.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/01\/agreement.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/01\/agreement.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/96141","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=96141"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/96141\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=96141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=96141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=96141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}