Home » Industry » Technology » India inks 11 advance pricing pacts with MNCs

India inks 11 advance pricing pacts with MNCs

  • India has inked 11 advance pricing agreements with multinational companies from sectors such as IT and ITES, investment advisory and services sector.
  • This relates to the pricing of assets, tangible and intangible, and funds that are transferred within an organisation in a cross- border transaction.
  • An Advance Pricing Agreement, or APA, is essentially a negotiated deal between a taxpayer and the tax authorities that sets out beforehand the method for determining the transfer pricing pertaining to transactions between a subsidiary and its foreign parent.

Source: EconomicTimes

Check Also

PC: sparkpr.in

Global Rajasthan Agri Tech Meet (GRAM) : 2016

The Government of Rajasthan is committed to developing agriculture and allied ecosystem to increase farm ...

Leave a Reply

Your email address will not be published. Required fields are marked *