India extends time to apply for rollback of APAs

Responding to taxpayer requests, India’s Central Board of Taxation on March 31 announced an extension of the deadlines to apply for rollback of advance pricing agreements (APAs) in the case of existing APAs and pending APA applications.

June 30 is now the deadline to apply for rollback of agreements entered into prior to March 31 and for APA applications filed prior to March 31.

Under prior rules, dated March 14, taxpayers that already obtained an APA or filed an APA prior to January 1 needed to file the Form No. 3CEC by March 31.

See:

• Release

Related MNE Tax articles:

• India releases rules allowing for rollback of APAs

• India announces transfer pricing reforms, disappoints on indirect share transfers