Executive summary

The IRS Advance Pricing and Mutual Agreement (APMA) Program issued the 22nd annual Advance Pricing Agreement (APA) report (the Report) on March 23, 2021, in Announcement 2021-06. The Report discusses APMA, including its activities and structure for calendar year 2020, and gives useful insights into the operation of the APA Program.

The number of APA filings remained the same in 202…