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BRICS Plans Tax Working Groups to Strengthen Global Voice
BRICS countries want to work more closely on tax matters.
India proposed two permanent working groups for this purpose.
One group will discuss international tax rules and transfer pricing disputes.
The other will study how to measure government tax revenue fairly.
Officials say existing tax measurements may not fit developing economies well.
The groups are meant to continue after India’s chairmanship ends.
China is scheduled to take over the BRICS presidency in 2027.
The countries are also sharing digital tax tools and training programs.
Their goal is to give BRICS countries a stronger voice in global tax discussions.
India proposed BRICS working groups on international taxation and transfer pricing, and on revenue statistics.
The groups are intended to create lasting platforms for cooperation beyond India’s BRICS chairmanship.
Members will share expertise on treaty interpretation, transfer pricing audits, advance pricing agreements and mutual agreement procedures.
The revenue statistics group will develop fiscal-performance measures reflecting BRICS economies and their economic realities.
BRICS tax officials also discussed expanding digital cooperation, including India’s Tax Collaboration Tool and an annual Young Tax Professionals Programme.
- Who
- BRICS member countries, including India and China, led in this initiative by Finance Minister Nirmala Sitharaman and Revenue Secretary Arvind Shrivastava.
- What
- India proposed two BRICS tax working groups covering international taxation and transfer pricing, and revenue statistics.
- Where
- At a BRICS tax heads meeting in New Delhi, India.
- When
- The proposal was announced on Wednesday; China is scheduled to assume the rotating BRICS presidency in 2027.
- Why
- To address common challenges faced by developing economies, improve tax cooperation and strengthen BRICS participation in the restructuring of global tax rules.
Key facts
- Proposed groups
- International taxation and transfer pricing; revenue statistics
- Announced by
- Finance Minister Nirmala Sitharaman
- Revenue official
- Revenue Secretary Arvind Shrivastava
- Global negotiations
- United Nations Framework Convention on International Tax Cooperation discussions
- India’s digital initiative
- BRICS Tax Collaboration Tool
- Planned training initiative
- BRICS Young Tax Professionals Programme may become an annual program
- Next BRICS chair
- China is scheduled to take over in 2027
Quotes
Nirmala Sitharaman
India’s finance minister
“These Working Groups exist because every country in this room has experienced these problems. They create the sustained institutional space in which progress on them becomes possible — not in one year, but over time, regardless of who holds the Chair. They are designed to outlast India’s Chairship.”
financialexpress.com
“Transfer pricing disputes cost developing countries’ administrations disproportionately. Revenue frameworks that don’t fit our system realities distort how we are seen and how we see ourselves.”
freepressjournal.in
financialexpress.com
Sources
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