CRA APA acceptance is on the rise
The CRA is continuing to focus on new Advance Pricing Arrangement (APA) applications, according to its 2018 APA Program Report. Specifically, the CRA completed 25 APAs over the past year, resulting in enough capacity to accept 32 new APA applications in 2018, the most it has accepted since 2013-2014. Additionally, the CRA continues to emphasize the early stages of the APA process, including the pre-filing and due diligence stages, in the hope of realizing increased efficiencies later in the APA process.
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