Sri Lanka Inland Revenue has announced the issuance of a new Advanced Pricing Agreement (APA) Guide. The guide provides an overview of the APA process in Sri Lanka, including detailed steps, documentation requirements, critical assumptions for future events, and practical insights to facilitate the successful negotiation and implementation of an APA.
The APA process includes five key stages:
- Pre-filing consultation;
- Formal APA application;
- Evaluation and analysis of the application; …