CBDT signs 95 APAs and 32 BAPAs in 2022-23, highest ever since launch in 2012
- CBDT (Central Board of Direct Taxes) has signed 95 advance pricing agreements (APA) in 2022-23, the highest ever in any financial year since its launch in 2012.
- CBDT also signed 32 Bilateral Advance Pricing Agreements (BAPAs) in FY 2022-23 being the maximum number of BAPAs in any financial year till date.
- The Advance Pricing Agreement (APA) programme of CBDT is one of its foremost initiatives for promoting an investor-friendly and non-adversarial tax regime in India.
Points to remember:
- Number of APA signed by CBDT in 2022-23
- Number of BAPA sugned by CBDT in 2022-23
- In which year was APA programme launched?- 2012
Source: PIB