<\/a>Government of India<\/strong><\/span><\/p>\n

Ministry of Finance<\/strong><\/p>\n

 Department of Revenue<\/strong><\/p>\n

Central Board of Direct Taxes<\/strong><\/p>\n

 PRESS RELEASE<\/strong><\/p>\n

 19<\/strong>^{th<\/sup><\/strong> December, 2014<\/strong><\/p>\n}

 <\/p>\n

SIGNING
\nOF FIRST BILATERAL APA BY CBDT<\/strong><\/p>\n

 <\/p>\n

 <\/p>\n

On 19.12.2014, Central Board of Direct Taxes has
\nsigned a bilateral Advance Pricing Agreement (APA) with a Japanese Company.
\nThis is India\u2019s first bilateral APA. The APA is for a period of five years. The
\nAPA has been finalized in a period of about one and a half years, which is
\nshorter than time normally taken in finalizing APAs internationally.<\/p>\n

 <\/p>\n

The APA scheme has been introduced to bring about
\ncertainty and uniformity in transfer pricing matters of multi-national
\ncompanies and reducing litigation. APAs will improve investment climate in the
\ncountry. In the context of growing economic ties between Japan and India,
\nespecially after Hon\u2019ble Prime Minister\u2019s visit to Japan, this APA is expected
\nto generate positive sentiments among Japanese investors in India.<\/p>\n

 <\/p>\n

 <\/p>\n

(Rekha Shukla)<\/strong><\/p>\n

 <\/p>\n

Commissioner of Income Tax<\/strong><\/p>\n

 <\/p>\n

(Media & Technical Policy)<\/strong><\/p>\n

 <\/p>\n

Official Spokesperson, CBDT<\/strong><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Government of India  Department of Revenue  PRESS RELEASE     On 19.12.2014, Central Board of Direct Taxes has signed a bilateral Advance Pricing Agreement (APA) with a Japanese Company. This is India\u2019s first bilateral APA. The APA is for a period of five years. The APA has been finalized in a period of about one … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[31],"class_list":["post-58","post","type-post","status-publish","format-standard","hentry","category-income-tax","tag-cbdt"],"yoast_head":"\n