Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman inaugurates BRICS Heads of Tax Authorities Meeting in New Delhi

Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman inaugurated the BRICS Heads of Tax Authorities Meeting in New Delhi, marking the culmination of India’s BRICS Chairship of the tax cooperation track. The meeting brought together representatives from ten BRICS member countries, including Brazil, China, Egypt, Ethiopia, India, Indonesia, Iran, Russia, South Africa, and the United Arab Emirates. Key outcomes of India's Chairship included the formal establishment of two India-led Working Groups on International Taxation and Transfer Pricing, and on Revenue Statistics, the institutionalisation of the BRICS Young Tax Professionals Capacity Building Programme as an annual event, the launch of the BRICS Tax Cross-Learning Lab, the approval of the BRICS Tax Support Network Terms of Reference, and the adoption of the BRICS Tax Progress Report 2026. China was welcomed as the incoming Chair for 2027.