Quick Summary
The Central Board of Direct Taxes (CBDT) entered into a record 174 Advance Pricing Agreements (APAs) with Indian taxpayers in FY 2024-25. These includes Unilateral APAs (UAPAs), Bilateral APAs (BAPAs) and Multilateral APAs (MAPAs). With this, the total number of APAs since the inception of the programme has reached 815, comprising 615 UAPAs, 199 BAPAs and 1 MAPA. This marks the highest number of APAs signed in a single financial year since the programme's launch. Of the 174 APAs signed, 65 we
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FAQ :
The CBDT signed a record 174 Advance Pricing Agreements (APAs) with Indian taxpayers in FY 2024-25.
The APAs signed included Unilateral APAs (UAPAs), Bilateral APAs (BAPAs), and Multilateral APAs (MAPAs).
A record 65 Bilateral APAs were signed as a result of Mutual Agreements with treaty partners including Australia, Japan, South Korea, The Netherlands, New Zealand, Singapore, the UK, and the US.
With the 174 APAs signed in FY 2024-25, the total number of APAs since the inception of the programme has reached 815.
The APA Scheme aims to provide certainty to taxpayers in transfer pricing by determining the arms' length price of international transactions in advance for up to five years.
Bilateral APAs offer the added benefit of protection against potential or actual double taxation.
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