Evolution of APA Regime, the pioneering book exclusively dedicated to the global advance pricing agreements or arrangements (APA) regime, furnishes a thorough, detailed discussion of the APA concepts and procedures in twenty-five jurisdictions across Europe, Asia, Asia Pacific, North America, South America and Africa, noting the particular genesis, features, and progress made under each programme. APAs, designed as a dispute prevention mechanism for transfer pricing related issues, impart certainty to taxpayers on taxation of cross-border transactions. Since the APA procedure was introduced by tax authorities in the late 1980s, it has progressively taken hold worldwide and evolved along several facets with key characteristics.
