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How does an enterprise apply for Advanced Pricing Arrangement in China?
Q&AThere are normally 6 stages involved for the application of Advanced Pricing Agreement:
- Preparation meetings
- Formal application
- Examination and appraisal
- Negotiation
- Signing of arrangement
- Supervision and implementation
Normally, it takes anywhere from a year to two and a half years to complete a unilateral or bilateral Advanced Pricing Agreement, but in rare situations, three or more years might be needed for bilateral Advanced Pricing Arrangement.
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