US Tax Authorities Approve Bilateral APAs with India

Discussion on India's Investment in USA's Upstream Oil & Gas Sector
  • The U.S. Internal Revenue Service on Tuesday announced that, starting February 16, its Advance Pricing and Mutual Agreement office will begin accepting requests for bilateral advance pricing agreements between the U.S. and India.
  • This marks a big step forward to ensure tax certainty between the two countries, according to experts.
  • Multi-national firms operating in both the US and India are the beneficiaries of this effort.