Following the Union Budget 2026's expansion of the safe harbour regime, experts assert that advance pricing agreements (APAs) will continue to be vital for large corporations. APAs, which are arrangements between companies and tax authorities to set prices for transactions between related entities, offer significant advantages such as flexibility, multi-year certainty, and alignment with foreign tax jurisdictions. This relevance is particularly pronounced for companies with complex structures, as APAs help mitigate potential disputes related to transfer pricing. The consensus among experts is that APAs will remain an essential tool for navigating the intricacies of international taxation, even with the new provisions introduced in the budget.