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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

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