Understanding APAs: Under Transfer Pricing Regulation in India

Alisha Joy03 Apr, 2024Business

Advance Pricing Agreements (APAs) in India provide certainty on transfer pricing for international transactions. Available in unilateral, bilateral, and multilateral formats, APAs cover various transactions, aiming to prevent disputes. Taxpayers can apply, undergo negotiations, and comply with reporting and audit requirements for specified periods. Roll-back provisions enable applying APA terms retrospectively, subject to conditions.