Daily Tax Update - February 1, 2016: IRS Will Begin Accepting US-India Advanced Pricing Agreement Applications

IRS Will Begin Accepting US-India Advanced Pricing Agreement Applications:  IRS officials announced that on February 16 the Advance Pricing and Mutual Agreement office, a representative office of the US competent authority, will begin accepting requests for bilateral advance pricing agreements (APAs) between the United States and India.

The Indian Central Board of Direct Taxes also announced that India has signed two bilateral APAs with the United Kingdom.  For earlier coverage, click here