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Transfer pricing disputes: India, Japan to reach a consensus
Transfer Pricing Disputes: India, Japan To Reach A Consensus. Indian and Japanese tax officials are expected to meet in Tokyo in June to sign agreements aimed at reportedly solving at least 15 transfer pricing disputes.
New Delhi: Indian and Japanese tax officials are expected to meet in Tokyo in June to sign agreements aimed at reportedly solving at least 15 transfer pricing disputes.
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The disputes relate to Japanese involvement in Indian automobile and auto ancillary sectors, and large trading houses, says a report in a well known business-related daily.
The disputes range from determining royalty, tax dues, profitability of trading houses and the commission paid.
It is expected that the governments of these two nations will apply a mutual agreement procedure (MAP) to ensure of relief of about 10,000 crore rupees to Japanese industries.
According to a Business Standard report, the Indian delegation will ink multiple MAPs with their Japanese counterparts to help companies to work through tax-related cases in an easier manner and ensure further improvement in bilateral trade and industrial ties.
