Daily Tax Update - March 27, 2017: Annual Advance Pricing and Mutual Agreement Program Report Released

Annual Advance Pricing and Mutual Agreement Program Report Released:  Today, the Treasury Department released the annual report for 2016 on trends in the issuance of advance pricing agreements (APAs) and results from the Advance Pricing and Mutual Agreement Program (APMA Program).  The report shows that a lower number of APAs were completed in 2016: 86 APAs were executed in 2016, compared to 110 in 2015.  However, this drop was accompanied by a decreased number of APA applications in 2016: 98 applications were received in 2016, compared with 183 in 2015.