{"id":33680,"date":"2018-10-30T13:58:51","date_gmt":"2018-10-30T08:28:51","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=33680"},"modified":"2018-10-30T13:58:51","modified_gmt":"2018-10-30T08:28:51","slug":"india-eases-bilateral-transfer-pricing-norms","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/india-eases-bilateral-transfer-pricing-norms\/","title":{"rendered":"India eases bilateral transfer pricing norms\u00a0"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/business\/india-eases-bilateral-transfer-pricing-norms\/article21011357.ece\"><strong>India eases bilateral transfer pricing norms<\/strong><\/a><strong>\u00a0<\/strong><\/p>\n<p><strong>Context<\/strong><\/p>\n<p>Income Tax Department\u2019s announcement geared towards improving Ease of Doing Business<\/p>\n<p><strong>What has been done?<\/strong><\/p>\n<p>Income tax department has\u00a0issued a clarification saying that it would allow mutual agreement procedures (MAPs) and advance pricing agreements (APAs) with all countries, abandoning a stance that disallowed such agreements with major trade partners like France, Germany, Italy, Singapore and South Korea<\/p>\n<p><strong>Earlier stance <\/strong><\/p>\n<ul>\n<li>India\u2019s earlier stance meant that if treaties with a particular country did not contain a \u2018corresponding adjustment\u2019 clause, then the Indian revenue department would not enter into bilateral advance pricing agreements or mutual agreement procedures with those countries<\/li>\n<li>In other words, any transfer pricing disputes would be settled through domestic litigation instead of bilateral arbitration<\/li>\n<\/ul>\n<p><strong>What are MAPs and APAs?<\/strong><\/p>\n<p>APAs are meant to settle potential disputes in advance, while MAPs lay out the procedure to settle a dispute once it has happened<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India eases bilateral transfer pricing norms\u00a0 Context Income Tax Department\u2019s announcement geared towards improving Ease of Doing Business What has been done? Income tax department has\u00a0issued a clarification saying that it would allow mutual agreement procedures (MAPs) and advance pricing agreements (APAs) with all countries, abandoning a stance that disallowed such agreements with major trade&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/india-eases-bilateral-transfer-pricing-norms\/\">Continue reading <span class=\"screen-reader-text\">India eases bilateral transfer pricing norms\u00a0<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-33680","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704615950},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/33680","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=33680"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/33680\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=33680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=33680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=33680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}