educratsweb logo


Meeting of BRICS Heads of Tax Authorities held on May 29, 2020 – Held through VC

Meeting of the Heads of Tax Authorities of the BRICS countries, namely the Federal Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa was held on May 29, 2020. The meeting was hosted by the Federal Tax Service of Russia, which currently holds the BRICS Presidency, to discuss the response of BRICS Tax Authorities to the COVID-19 pandemic and to explore potential areas of cooperation in tax matters. The meeting was scheduled to be held in Moscow, but was held through video conference in view of COVID-19.

Dr. Ajay Bhushan Pandey, Finance Secretary, Government of India,  represented India at the meeting.

The Finance Secretary shared with other BRICS nations, various measures taken by India to mitigate the effect of the pandemic on the taxpayers including deferment of compliance requirements, reduced rate of interest on delayed payments and reduction in withholding tax rates. He urged the BRICS nations to share COVID-19 related tax measures taken by respective tax administrations from time to time so that it enhances our understanding of the fiscal and economic impact of the pandemic and encourages us to further evaluate various possibilities in assisting our government’s efforts in containing the spread and recovering from the impact of the pandemic.

The Finance Secretary, while extending India’s support to the ongoing work in OECD/G-20 project on addressing tax challenges posed by digitalisation, underlined the need to ensure that the new tax rules are fair and simple. It should also be flexible enough to cover new/emerging business models.

Dr. Pandey highlighted the need for adopting a “Whole of Government Approach” in dealing with cross-border financial crimes as they have ramifications in respect of various statutes, not only taxation. He, therefore, urged the BRICS countries to agree for wider sharing of information exchanged under tax treaties for countering corruption, money laundering and terrorist financing.

The tax heads of other BRICS nations shared the measures taken by their respective tax administrations and their thoughts on other agenda items like tax challenges posed by digitalisation and exchange of information.

A communiqué was issued by the tax heads at the conclusion of the meeting.

Sources https://pib.gov.in/PressReleasePage.aspx?PRID=1627742

Meeting of BRICS Heads of Tax Authorities held on May 29, 2020 – Held through VC
Contents shared By educratsweb.com

S10: Coastal Plain | Indian Geography Through Maps | UPSC CSE/IAS | Sumit Rathi #Educational - Published on Friday July 10 2020
if you have any information regarding Job, Study Material or any other information related to career. you can Post your article on our website. Click here to Register & Share your contents.
For Advertisment or any query email us at educratsweb@gmail.com

RELATED POST
1 Simba Movie trailer Download | Talented India 
2 Fake board issuing Class XII passed certificate to students without appearing exam - SSUM
3 RRB Group C: Link for refund active, websites to claim
4 Amazon Great Indian Festival Diwali Special sale from 2nd-5th Nov
5 After Swachh Bharat, in the pipeline: Jal Shakti, Nal Se Jal for all
6 Govt proposes to merge Dena Bank, Vijaya Bank and Bank of Baroda
7 Mann Ki Baat 2.0 | Programme on All India Radio (30.06.2019)
8 आरबीआई दे रहा नौकरी का सुनहरा मौका
9 Chief Minister, Himachal Pradesh Launches Mobile App for Drug Free Himachal
10 10% Quota For Economically Weak In General Category Cleared: 10 Points
11 Special status ends: J&K now a Union Territory with Assembly; Ladakh a separate UT
12 Jio Celebrations Pack | Daily 2 GB Free
13
14 शिवराज का मप्र की राजनीति से अध्याय खत्म
15 Me Too movement
16 PhonePe Scratch Card Offers - Chance to Earn Rs. 1000 Per Money Transfer
17 World Computer Literacy Day - December  02
18 CG Vyapam Recruitment 2019 : कई पदों पर भर्तियां
19 IPL auction: Learn base price of players
20 TCS switches to online test to recruit engineering graduates
21 Prime Minister Shri Narendra Modi will be holding the 5th meeting with State Chief Ministers via video-conference on 11th May, 2020 at 3 PM.
22 How to Achieve the Common Core with Tech: Writing Strand
23 Indian Railways to give full refund for all tickets for journey period from 21st March - 14th April 2020
24 Shri Arjun Munda launches tribes India products on GeM and new website of TRIFED through video conference
25 Text of PM's address to the nation
26 Check Pradhanmantri UP Berojgar Bhatta Yojana 2020
27 English Rendering of Prime Minister Shri Narendra Modi’s Address to the Nation on 12.5.2020
28 On directions of the Prime Minister, Home Ministry approves release of Rs 11,092 crores under State Disaster Risk Management Fund to All States
29 Online Land Digital Portal - Excellent Services - Great Opportunities
30 Health Minister Harsh Vardhan takes charge as chairman of WHO Executive Board
31 PM announces special economic package; comprehensive package of Rs 20 lakh crore
32 Ministry of Minority Affairs releasesInfographics highlighting the initiatives and achievements of the over the last six years
33 Extension of Lockdown up to May 31, 2020
34 NCC cadets start serving people during COVID-19 pandemic under Exercise NCC Yogdan
35 100 distilleries and more than 500 manufacturers permitted to produce hand sanitizers
36 Finance Minister announces Government Reforms and Enablers across Seven Sectors under Aatma Nirbhar Bharat Abhiyaan
37 S&T based innovative solutions by common people participating in NIF’s Challenge COVID-19 Competition (C3) ready to make adifference
38 The government will launch Tilhan Mission to make the country self-reliant in oilseed production.
39 India’s response to COVID outbreak
40 Finance Minister announces Rs 1.70 Lakh Crore relief package under Pradhan Mantri Garib Kalyan Yojana for the poor to help them fight the battle against Corona Virus
41 Union Power Ministry writes to States/UTs extending Rs 90,000 crore package under Atmanirbhar Bharat Abhiyan
42 6 Cities rated 5 Star, 65 Cities rated 3 Star and 70 Cities rated 1 Star
43 Lockdown4.0 - States/UTs cannot dilute restrictions imposed in MHA guidelines, can only make them stricter based on local level assessment and Health Ministry Guidelines: MHA
44 Enrolment under PM Kisan Maan Dhan Yojana
45 PM interacts with social welfare organizations
46 Ensure smooth movement of medical professionals and para-medical staff, and opening of all private clinics, nursing homes and labs; Essential to tackle both COVID and non-COVID Emergencies: MHA to States
47 International Nurses Day observed
48 Finance Minister announces short term and long-term measures for supporting the poor, including migrants, farmers, tiny businesses and street vendors
49 COVID-19: Relaxation from lockdown in Green zones
50 J&K to provide tap water to every household by December 2022
We would love to hear your thoughts, concerns or problems with anything so we can improve our website educratsweb.com ! visit https://forms.gle/jDz4fFqXuvSfQmUC9 and submit your valuable feedback.
Save this page as PDF | Recommend to your Friends

http://educratsweb(dot)com http://www.educratsweb.com/content.php?id=2412 http://educratsweb.com educratsweb.com educratsweb