Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes
New Delhi, 4th September, 2019
CBDT enters into 26APAs during the current Financial Year
The Central Board of Direct Taxes (CBDT) has entered into 26 APAs in the first 5 months of the current financial year (April to August, 2019). With the signing of these APAs, the total number of APAs entered into by the CBDT as of now stand at 297, which includes 32 BAPAs.
Out of these 26 APAs, 1 is a BAPA entered into with the United Kingdom and the remaining 25 are UAPAs.
The BAPA and UAPAs entered into during this period pertain to various sectors and sub-sectors of the economy like Information Technology, Banking, Semiconductor, Power, Pharmaceutical, Hydrocarbon, Publishing, Automobile, etc.
The international transactions covered in all these agreements, inter alia, include the following:-
The progress of the APA scheme strengthens the Government’s resolve of fostering a non-adversarial tax regime. The Indian APA programme has been appreciated nationally and internationally for being able to address complex transfer pricing issues in a fair and transparent manner.
Commissioner of Income Tax
(Media & Technical Policy)
Official Spokesperson, CBDT.