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What is amp country?
Amp country refers to the country where a company's advance pricing agreement (APA) is filed.
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Companies engaged in cross-border transactions and seeking certainty on transfer pricing are required to file an APA with the tax authorities of the relevant amp country.
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The purpose of filing an APA in the amp country is to obtain certainty and reduce transfer pricing disputes with the tax authorities.
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Information related to the company's transfer pricing policies, related party transactions, and proposed transfer pricing methodology must be reported on the APA filed in the amp country.
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