Ralph Cunningham, International Tax Review, Vijay Iyer, partner and national leader, transfer pricing group, Ernst & Young
A proactive approach to managing global transfer pricing disputes can enhance both efficiency and effectiveness. Many countries are therefore adopting advance pricing agreements (APA) programs as a way of addressing evolving transfer pricing issues worldwide — as of July 2012, more than 30 countries allow APAs.
One jurisdiction with the highest rate of transfer pricing litigation activity is India, where a high proportion of taxpayers rely on litigation for resolution of disputes. One obvious reason for this could be the absence of an APA program in India under the current tax law. Realising the severity of the issue, an APA program has been implemented through the last budget amendments.
The webcast will be discussing on APA process, best practices in framing an APA mechanism and update on the recent development in India