Advance pricing agreements A mechanism to reduce litigation
Material type: Mixed materialsPublication details: 2013Description: 137-142Subject(s): NLM classification:- 332.63222
Item type | Current library | Call number | Vol info | Status | Date due | Barcode | |
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Periodicals/Magazines | SSCBS Library | 48/2 | Available | P14756 |
Advanced Pricing Agreements (APA) is an arrangement between the tax administration and the tax administration and tha tax payer on the pricing of future intercompany transactions. Under this mechanism, both the tax payer and the tax authority agree on a transfer pricing methodology wherein the tax return is submitted to the tax authorities in accordance with the agreed APA conditions for the covered years. The tax administration accepts the tax outcome as being the arm's length price forthe covered years and would refrain from auditing the tax payer's international transactions.
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