<h1>Tax cooperation framework: MoC establishes regular interaction, capacity building and confidential information exchange among BRICS revenue administrations.</h1> The Cabinet approved a Memorandum of Cooperation (MoC) with BRICS revenue administrations to establish regular interaction among heads of revenue administrations, facilitate capacity building and expert meetings on international tax issues, provide for confidentiality of exchanged information, and promote convergence of positions and coordinated engagement in international tax forums.