<h1>India Approves Tax Cooperation Agreement with BRICS Nations to Boost Knowledge Sharing and Capacity Building in International Tax Forums.</h1> The Union Cabinet of India has approved a Memorandum of Cooperation (MoC) on tax matters with BRICS countries-Brazil, Russia, China, and South Africa. The MoC aims to enhance cooperation among BRICS Revenue administrations in international tax forums, focusing on capacity building and knowledge sharing. It promotes regular interaction among BRICS Revenue heads to discuss common tax issues and pursue convergence of views. The agreement ensures confidentiality of exchanged information and is expected to boost effective tax cooperation, benefiting BRICS and other developing countries in the long term, aligning with the G20's tax initiatives.