India’s Advance Price Agreements Keep Pace With Major Economies

India’s relatively young program for reaching advance pricing agreements with companies on transfer pricing transactions ranks ahead of major economies like China by some metrics, according to a recent policy brief by two officials of the Indian Revenue Service.

India signed 500 of these advance pricing agreements within 11 years of launching the program, “while the US took 14 years to reach this milestone,” according to the brief published Monday. “China, which started its APA programme in 2005, has signed only 226 APAs thus far,” it added.

APAs are agreements between the tax department and taxpayers on ...