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Apr 01, 2025
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CBDT sets new record by signing 174 advance pricing agreements in FY25
The Central Board of Direct Taxes entered into 174 advance pricing agreements with Indian taxpayers in FY25. The number sets a new record for the agency and includes unilateral APAs, bilateral APAs and multilateral APAs. This also takes the total number of APAs signed since the inception of the program to 815.
According to details shared by the CBDT spokesperson, this year also marks the highest number of APAs signed in a single financial year since the launch of the programme. 65 of the agreements signed in FY25 were BAPAs — the highest number of BAPAs finalized in any year so far. The BAPAs were signed as a consequence of entering into Mutual Agreements with India’s treaty partners namely Australia, Canada, Denmark, Japan, Singapore, the UK and the US.
The CBDT had also set a record in FY24 as it recorded 125 APAs with Indian taxpayers.
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