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Officials Call for Countries to Align Tax Agreement Processes

Sept. 28, 2022, 3:17 PM

Better aligning countries’ processes for bilateral advance pricing agreements would help to cut down on lengthy negotiating times, according to an OECD report Wednesday.

In a bilateral advance pricing agreement, or APA, a government signs off on a company’s transfer pricing arrangements over a set period of time. Such deals give all sides more certainty and help to avoid costly audits and disputes.

While companies and tax administrations “overwhelmingly supported” using bilateral APAs, the agreements take a long time to work out, according to findings of a survey described in a new manual, released Wednesday by the Organization for Economic ...