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BRICS Countries Confirm Commitment to Addressing BEPS and Promoting Information Exchange in Xiamen Declaration

07 September 2017

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Approved Changes

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Brazil-Russia-India-China-South Africa

The Indian Government has published the joint declaration from the leaders of Brazil, Russia, India, China, and South Africa (BRICS) following the ninth BRICS Summit held 4 September 2017 in Xiamen, China. With respect to taxation, the declaration includes the following: 34. We reaffirm our commitment to achieving a fair and modern global tax system and promoting a more equitable, pro-growth and efficient international tax environment, including to deepening cooperation on addressing Base Erosion and Profit Shifting (BEPS), promoting exchange of tax information and improving capacity-building in developing countries. We will strengthen BRICS tax cooperation to increase BRICS contribution to...