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An initial is the first letter of a word. So yes, you're the resident, and your initials are MAY, so write those on the form.
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AMP initials stand for Advance Pricing Agreement.
Multinational companies engaging in cross-border transactions are required to file AMP initials.
AMP initials can be filled out by providing details of the cross-border transactions, transfer pricing policies, and financial information.
The purpose of AMP initials is to establish an agreement on transfer pricing methods to avoid disputes between tax authorities and multinational companies.
Information such as transfer pricing policies, financial data, cross-border transactions, and related party relationships must be reported on AMP initials.
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