BBC's India Offices Aren't a Part of APAs

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Over 1,500 companies have applied for APAs but only 420 of them have seen the light of day. The tax authorities decided to pay a visit to BBC's India offices last week. They alleged that it has been non-compliant under transfer pricing rules. But did BBC actually violate these rules? Well, no one will know until the final decision is made.

The Indian Tax Authorities ‘surveyed’ BBC last week. They wanted a peek into some transactions they found suspicious. And one of the allegations apparently levelled against the British media house is that it flouted something called the ‘transfer pricing’ regulations. So in today’s episode for 22nd February 2023, we thought we’d explain a bit about this specific part of the tax world today.