{"id":2267,"date":"2016-08-06T05:13:34","date_gmt":"2016-08-06T05:13:34","guid":{"rendered":"https:\/\/sunkrish.com\/?p=2267"},"modified":"2017-01-15T05:52:51","modified_gmt":"2017-01-15T05:52:51","slug":"cbdt-signs-bilateral-apas-with-japanese-trading-firm-arm","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2016\/08\/06\/cbdt-signs-bilateral-apas-with-japanese-trading-firm-arm\/","title":{"rendered":"CBDT signs bilateral APAs with Japanese trading firm arm"},"content":{"rendered":"

<\/a>The Central Board of Direct Taxes has signed bilateral advance pricing agreements with Indian arm of a Japanese trading company, a move that will help bring down transfer pricing disputes relating to intra-group transactions.<\/p>\n

“The Central Board of Direct Taxes (CBDT) entered into a bilateral advance pricing agreement (APA) on August 2, 2016, with Indian subsidiary of a Japanese trading company. This is the first bilateral advance pricing agreement with a Japanese company having a rollback provision in it,” a finance ministry statement said today.
\nOverall, it is fourth bilateral APA signed by CBDT.<\/p>\n

Signing of the pact is an important step towards ascertaining certainty in transfer pricing matters of MNC cases and dispute resolution, the statement noted.<\/p>\n

The APA scheme was introduced in the Income-Tax Act in 2012 and the rollback provision in 2014.<\/p>\n

The scheme intends to provide certainty to taxpayers in the domain of transfer pricing by specifying methods of pricing and setting the prices of international transactions in advance.<\/p>\n

Its progress strengthens the government’s mission of fostering a non-adversarial tax regime, the statement said.<\/p>\n

CBDT expects more APAs to be concluded and signed in the near future.<\/p>\n

An APA, usually for multiple years, is signed between a taxpayer and the tax authority (CBDT in India) on an appropriate transfer pricing methodology for determining the price and ensuing taxes on intra-group overseas transactions.<\/p>\n

Source: http:\/\/www.business-standard.com\/article\/pti-stories\/cbdt-signs-bilateral-apas-with-japanese-trading-firm-arm-116080400879_1.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The Central Board of Direct Taxes has signed bilateral advance pricing agreements with Indian arm of a Japanese trading company, a move that will help bring down transfer pricing disputes relating to intra-group transactions. “The Central Board of Direct Taxes … Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":3320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,4,497,491,5],"tags":[435,450,311,298,309,295,300],"class_list":["post-2267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-business-advisory-services","category-financial-corporate-services","category-cross-border-transactions-mas-joint-ventures","category-income-tax-e-filing-of-returns-for-individuals-partnerships-companies","category-india-international-corporate-updates","tag-advance-pricing-agreements-apas","tag-central-board-of-direct-taxes-cbdt","tag-corporate","tag-ease-of-doing-business","tag-japan","tag-taxation","tag-transfer-pricing"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/2267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/comments?post=2267"}],"version-history":[{"count":3,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/2267\/revisions"}],"predecessor-version":[{"id":3321,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/2267\/revisions\/3321"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media\/3320"}],"wp:attachment":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media?parent=2267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=2267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=2267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}