Quick Summary
Total 641 APAs done since inception of the APA programme The Central Board of Direct Taxes (CBDT) has entered into a record 125 Advance Pricing Agreements (APAs) in FY 2023-24 with Indian taxpayers. This includes 86 Unilateral APAs (UAPAs) and 39 Bilateral APAs (BAPAs). This marks the highest ever APA signings in any financial year since the launch of the APA programme. The number of APAs signed in FY 2023-24 also represents a 31% increase compared to the 95 APAs signed during the preceding f
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FAQ :
The CBDT signed a record 125 Advance Pricing Agreements (APAs) in FY 2023-24.
Since the inception of the APA programme, a total of 641 APAs have been signed.
APAs provide certainty to taxpayers regarding the pricing methods for international transactions and determine the arm's length price in advance for up to five future years.
Yes, taxpayers have the option to 'rollback' an APA for four preceding years, providing tax certainty for a total of nine years.
In FY 2023-24, Bilateral APAs were signed with treaty partners including Australia, Canada, Denmark, Japan, Singapore, the UK, and the US.
The APA programme significantly contributes to promoting the ease of doing business, particularly for multinational enterprises with substantial cross-border transactions.
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