Heads of Tax Authorities of BRICS countries hold virtual meeting under Chairship of India – Brazil, Russia, India, China and South Africa held a virtual meeting under the Chairship of India yesterday.
Revenue Secretary Tarun Bajaj, in his capacity as Head of Tax Authorities in India, presided over this meeting.
The BRICS Tax Authorities engaged in discussion on the challenges faced by BRICS tax administrations in the digital era, coupled with outbreak of COVID-19 pandemic, sharing experience and devising strategies to overcome those challenges.
The broad theme of the meeting was redefining business processes of tax administration amidst challenges posed by COVID-19 and in the digital era.
During the meetings, the tax authorities also exchanged opinions and views based on existing commitment to the principles of mutual respect, consolidation and continuity as stated in the XIII BRICS Summit, New Delhi Declaration issued on 9th September, 2021.
The meeting was preceded by meetings of the Tax Experts of BRICS countries on 13th and 14th of this month.
In this meeting, the tax experts discussed potential areas of cooperation, exchanged views and the experiences.