Friday, 12 May 2017

2016 US APA Report shows strong interest in agreements with India, Italy

The Internal Revenue Service on March 27 released the annual report covering the activities of the Advance Pricing and Mutual Agreement (APMA) Program during calendar year 2016. While the 2016 annual report reveals a significant decrease in APA applications compared to the record number of APA applications received in 2015, the decrease may be explained by taxpayers accelerating their APA requests to file under procedures that were superseded by new procedures at the very end of 2015.
Source & more infomation: Deloitte