New Delhi join hands with Netherlands; signs agreements pertaining Electronics and Technology

Posted on:03 Dec 2017 09:00:01
New Delhi join hands with Netherlands; signs agreements pertaining Electronics and Technology
03 December 2017 Current Affairs: Central Board of Direct Taxes (CBDT)  signed 2 Bilateral Advance Pricing Agreements (APA) with The Netherlands during the month of November’17. 

These Agreements are the first ever Bilateral APAs with The Netherlands. With the signing of these Agreements, the total number of APAs entered into by the CBDT has gone up to 186. This includes 171 Unilateral APAs and 15 Bilateral APAs.

These two APAs pertain to the Electronics and Technology sectors of the economy. The international transactions covered in these agreements include Distribution, Provision of Marketing Support Services, Provision of Business Support Services.

The APA Scheme endeavours to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and setting the prices of international transactions in advance. Since its inception, the APA Scheme has been well-accepted by taxpayers.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs February 2018

23 FEBRUARY
NEWS
22 FEBRUARY
NEWS
21 FEBRUARY
NEWS
20 FEBRUARY
NEWS

Current Affairs January 2018

31 JANUARY
NEWS
30 JANUARY
NEWS
29 JANUARY
NEWS
28 JANUARY
NEWS

Current Affairs December 2017

31 DECEMBER
NEWS
30 DECEMBER
NEWS
29 DECEMBER
NEWS
28 DECEMBER
NEWS