India Netherlands bilateral APA

Q.  The Central Board of Direct Taxes (CBDT) has entered into 2 Bilateral Advance Pricing Agreements (APAs) in November 2017 marking the first ever Bilateral APAs with which country?
- Published on 04 Dec 17

a. Netherlands
b. New Zealand
c. Switzerland
d. Germany

ANSWER: Netherlands
 
India Netherlands bilateral APAThese two APAs pertain to Electronics and Technology sectors of economy. It also covers international transactions that include Distribution, Provision of Business Support Services, Provision of Marketing Support Services etc.

With this, the total number of APAs entered into by CBDT has gone up to 186. This includes 171 Unilateral APAs and 15 Bilateral APAs.

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