How does an enterprise apply for Advanced Pricing Arrangement in China?

There 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.