U.S. IRS Publishes Procedures for Competent Authority Assistance and APAs

On 12 August 2015, the U.S. IRS published revenue procedures for Requesting Competent Authority Assistance under Tax Treaties (Rev. Proc. 2015-40) and Advance Pricing Agreements (Rev. Proc. 2015-41).

Requesting Competent Authority Assistance

This revenue procedure provides guidance on the process of requesting and obtaining assistance under U.S. tax treaties from the U.S. competent authority. This revenue procedure updates and supersedes Rev. Proc. 2006-54, 2006-2 C.B. 1035.

A proposed v…