සිංහලதமிழ்English
Advanced Pricing Agreement(APA) is a formal agreement that determines, in advance, the arm’s length price or an appropriate set of criteria (e.g., method, comparable and appropriate adjustments thereto, critical assumptions as to future events) for the determination of the arm’s length price for international transactions over a fixed period of time.
The agreed APA shall remain binding on all parties involved and apply to the covered transactions for the entire duration of the agreement
This guide provides an overview of the APA process in Sri Lanka, including detailed steps, documentation requirements, critical assumptions for the future events and practical insights to facilitate the successful negotiation and implementation of an APA. APA process is voluntary and it will be a supplement for resolving transfer-pricing disputes.