India Looking to Clear Backlog of Advance Tax Agreements

India’s tax department is focused on clearing its backlog of applications for advance pricing agreements, some of which have been pending for years, a senior tax official said Friday.

As India continues to rapidly increase its uptake of new agreements, the office is also “targeting the inventories which are ancient,” said Gargi Sharma Goel, commissioner of income tax in the tax department’s APA program.

“We want to reduce the average disposal time” for applications, Goel said on the sidelines of an International Fiscal Association conference in New Delhi.

Last year, India’s Central Board of Direct Taxes signed 219 APAs ...