Advance pricing agreement Current Affairs, GK & News
Government receives Rs. 3,000 crore from MNCs that have entered into APAs
Union Government has received Rs. 3,000 crore of additional tax from MNCs that have entered into advance pricing agreements (APAs) with it over last five years and also has eliminatedbig source of tax litigation. It was revealed in recently released annual report on advance pricing agreements (APAs) for FY18 by Central Board of Direct Taxes ..
Month: Current Affairs - September, 2018
Topics: Advance pricing agreement • Business • CBDT • Economy • Tax Terrorism • Taxation • Transfer Pricing
India, UK sign three advance pricing pacts
India’s Central Board of Direct Taxes (CBDT) and the UK have signed three Bilateral Advance Pricing Agreements (B- APAs) taking the total number of APAs concluded between India and the UK to 5. So, far India has signed a total of 111 APAs both-bilateral and unilateral. The APAs between India and UK have been ..
Topics: Advance pricing agreement • Androgynous Peripheral Attach System • Apas • Double taxation • Economies • International taxation • Pricing • Tax • Tax avoidance • Transfer pricing
India and US resolve 100 tax dispute cases under Mutual Agreement Procedure (MAP)
India and the US have resolved over 100 tax dispute cases involving Rs 5,000 crore under the Mutual Agreement Procedure (MAP). Key facts A meeting of the Bilateral Competent Authority Mutual Agreement Procedure (MAP) or Advance Pricing Agreement (APA) was held last month in the US to resolve the long pending disputes. During the meeting, ..
Topics: Advance pricing agreement • Double taxation • Economy • International taxation • Tax • Tax treaty • Transfer pricing • World economy
Advance Pricing Agreement Scheme gets clearance of FM
Finance ministry approved the Advance Pricing Agreement (APA) scheme, related to transfer pricing regulations. The APA scheme, proposed in Budget 2012-13, is being considered as one of the major industry-friendly initiatives. The finance ministry’s green signal to the provisions devised by the Central Board of Direct Taxes (CBDT) would assist implementation of the APA scheme ..
Month: Current Affairs - July, 2012
Category: Government Schemes Current Affairs
Topics: Advance pricing agreement • APA • Economy • Income Tax Department • International taxation • Market economics) • Microeconomics • Taxation in the United States • Transfer Pricing