On 1 February 2016, the U.S. IRS announced that the Advance Pricing and Mutual Agreement office will accept applications for bilateral advance pricing agreements between the United States and India beginning 16 February 2016. This formally ends the suspension of transfer pricing dispute resolution relations between the two countries in effect since 2013.
According to the announcement, the decision to begin accepting APA applications is based on the significant progress the U.S. has made wit…