In the last decade, transfer pricing has emerged as a popular method for MNCs to carry out intra-company transactions and drawn the attention of Indian revenue authorities. The Advance Pricing Agreement (APA) scheme was launched in 2012 by the government to provide certainty to taxpayers in the domain of transfer pricing by specifying methods of pricing and setting prices of international prices in advance. APAs are popular — more than 1,100 such applications and more than 270 APAs have been concluded.
The government’s APA office has been actively moving the inventory of cases and has already prepared position papers in several cases. It is proactively discussing outstanding issues with taxpayers.
In 2017, KPMG in India conducted a survey on the APA programme in India and collated inputs from both taxpayers and the Central Board of Direct Taxes (CBDT). The results were published in KPMG India APA Survey Report 2017 and brought forth both the taxpayers’ and the government’s perspective on the APA programme in India.
This year, KPMG in India in association with CNBCTV18.com invites you to participate in the APA Survey 2019 to understand the expectations and experiences from the program in India. Please respond by April 30, 2019 by clicking on the survey link