India-Bhutan: Tax Inspectors Without Borders Initiative
India and Bhutan have jointly launched the “Tax Inspectors Without Borders (TIWB)” on June 23, 2021.
Tax Inspectors Without Borders (TIWB)
- TIWB is a joint initiative of United Nations Development Programme (UNDP) and Organisation for Economic Cooperation and Development (OECD).
- TIWB seeks to provide support to the developing countries to help them strengthen national tax administrations by building audit capacity.
- It complements the efforts of international community to strengthen cooperation on tax matters & contribute to domestic tax mobilisation efforts.
Aim of TIWB
TIWB programme aims to strengthen tax administrations among developing countries by transferring technical know-how and skills to their tax auditors and by sharing general audit practices & dissemination of knowledge products with them.
- Bhutan launched this programme and choose India as Partner Jurisdiction. India provided the Tax Expert for this programme.
- This programme will run for about 24 months.
- Under the programme, India in collaboration with UNDP and TIWB Secretariat aims to provide aid to Bhutan in order to strengthen its tax administration.
- The programme focuses on the area of International Taxation and Transfer Pricing.
- India has always supported capacity building in tax matters in developing countries. India being a global leader plays an important role in South-South Cooperation in tax matters.
Significance of the programme
This programme is another step ahead in continued cooperation between India and Bhutan and India’s active support for South-South cooperation.
Month: Current Affairs - June, 2021