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Goods and Services Tax reform recognition prompts BRICS tax cooperation and a Memorandum outlining coordination and capacity building. BRICS Heads of Revenue praised India's Goods and Services Tax reform, with Indian representatives explaining its salient features. The meeting addressed contemporary international tax issues and concluded with a joint communique and a signed Memorandum of Cooperation identifying coordination in international forums, capacity building, experience sharing and regular interaction among revenue authorities.
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<h1>Goods and Services Tax reform recognition prompts BRICS tax cooperation and a Memorandum outlining coordination and capacity building.</h1> BRICS Heads of Revenue praised India's Goods and Services Tax reform, with Indian representatives explaining its salient features. The meeting addressed contemporary international tax issues and concluded with a joint communique and a signed Memorandum of Cooperation identifying coordination in international forums, capacity building, experience sharing and regular interaction among revenue authorities.