An APA is an agreement negotiated by the relevant authorities. “competent authority,” the Ministry of Finance or a representative authorized by the ministry. In Finland, the Finnish tax administration is the competent authority when a representative or authority authorised or appointed by the Ministry of Finance can act as a competent authority in accordance with a tax treaty. The transfer pricing provisions set out section 85A, point (d), the conditions under which an APA can be concluded, and determine the scope of an APA. At the request of the subject, all information necessary to resolve the case must be provided. The content of the required information varies from case to case. EU recommendations and OECD guidelines on transfer pricing provide guidance on the content of this information. In the statement, the subject must describe how the chosen transfer pricing method indicates that future transactions are accounted for along the length of the arms. A. changes in critical assumptions or non-compliance with the condition of the agreement. The meeting may be more productive if, prior to the meeting, the subject submits to the appropriate authority the issue of transfer pricing that he intends to include in the application, the specific scope of the APA and any other relevant issue necessary to resolve the matter. The subject should also contact the competent authorities of other contracting states that may be included in the APA in order to clarify the terms of the APA. Bilateral and multilateral APAs are generally bilateral or multilateral, i.e.
they also enter into agreements between the subject and one or more foreign tax administrations under the control of the Mutual Agreement Procedure (POP) under the tax treaties.  The subject benefits from such agreements, since he is assured that income from covered transactions is not subject to double taxation on the part of the IRS and the relevant foreign tax authorities. The IRS policy is to “encourage” taxpayers to apply for bilateral or multilateral APA where there are provisions of the competent authority. (ii) are not considered to be the expression of the person`s request to enter into an agreement. A pre-price agreement can only be reached if the agreement count is in accordance with the principle of arm length. This means that under the solution resulting from the APP negotiations, Finland must be entitled to a share of tax revenues on the basis of a length generated by the transactions mentioned in the agreement. The competent authority informs the subject of the outcome of the negotiations. Many states require the taxpayer to approve the agreement before it becomes binding.