25-September-2026
Taxation
 
BRICS to set up working groups on transfer pricing, revenue statistics
24-Sep-2026

BRICS countries are looking to set up two working groups—on international taxation and transfer pricing, and revenue statistics—as the member nations aim to create an institutional platform to deal with common challenges, Finance Minister Nirmala Sitharaman said on Wednesday. “Transfer pricing disputes cost developing-country administrations disproportionately. Revenue frameworks that don’t fit our fiscal realities distort how we are seen and how we see ourselves,” Sitharaman said at the BRICS tax heads meeting in the national capital.

News Source:- https://www.financialexpress.com/policy/economy-brics-to-set-up-working-groups-on-transfer-pricing-revenue-statistics-4345565/