BRICS Sets Up New Tax Platforms That Could Reshape Cross-Border Taxation
Source: Livemint | Original Published At: 2026-10-05 04:54:44 UTC
Key Points
- BRICS is setting up two working groups: one on international taxation and transfer pricing, and another on revenue statistics.
- The taxation group will provide a platform for sharing experience on treaty interpretation, transfer-pricing audits, advance pricing agreements, mutual agreement procedures, and multilateral tax negotiations.
- The revenue statistics group aims to improve comparability of tax and revenue data across BRICS economies.
- Better data and shared transfer-pricing experience could strengthen BRICS economies' positions in international tax negotiations, especially on digital taxation and profit attribution.
- For Indian businesses, the immediate impact may be greater certainty in cross-border transactions and closer scrutiny of multinational groups, rather than new taxes or rate changes.
- Experts are divided on the initiative's effectiveness: some question BRICS' institutional capacity, while others see potential for a longer-term parallel tax infrastructure.