He also suggested deepening the application of big data technology, and continuing to jointly strengthen the crackdown on illegal cross-border tax avoidance.Ī communique, which was issued after the BRICS tax meeting, indicated that tax authorities across the world, including BRICS countries, have addressed the challenges of "balancing the need to tackle the concerns of taxpayers by easing compliance and reporting obligations with the mandate to obtain optimum revenues with commendable grit and innovation". Wang called on eliminating tax-related disputes, and supporting enterprises' investment and the expansion of businesses. Soon after Chinese President Xi Jinping’s emphasized the acceleration of the BRICS expansion process at the 14th BRICS Leaders’ Meeting in Beijing in late June, Iran and Argentina announced. Wang Jun, head of China's State Taxation Administration, proposed strengthening cooperation in tax collection and administration among BRICS countries and constantly improving tax certainty. the plan be adopted preferably at the next BRICS Health Ministers meeting. That was a key achievement of the online Meeting of the Heads of Tax Authorities of the BRICS countries, which was chaired by India and concluded on Wednesday.Īt the meeting, participants discussed challenges faced by the tax administrations in the digital era, coupled with outbreak of the COVID-19 pandemic. The Ministry of External Affairs (MEA) informed that the next meeting of BRICS National Security Advisors (NSA) will be held on August 24, 2021, in a virtual format. While the G7 group of nations (Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States together with the European Union) has been meeting in Germany, the BRICS nations (Brazil, Russia, India, China, and South Africa) have been meeting in China for the 14 th Summit. They committed to organize workshops, share knowledge and experience and develop common initiatives and collaboration in digital tax administration innovations. Tax authorities of China, Brazil, Russia, India, and South Africa reached a consensus this week to promote cooperation on building tax administration capacity through leveraging new digitalized technologies. China will chair the next meeting for tax administration heads and experts of BRICS countries in 2022, to promote cooperation on building a tax administrative capacity in a digitalization era, according to a statement of the State Taxation Administration.
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