On 29 September 2026, State Taxation Administration Commissioner Hu Jinglin participated in the 2026 BRICS Tax Authorities Heads Meeting. The meeting focused on enhancing tax cooperation among BRICS nations, including digital economy taxation, tax administration capacity building, and information exchange mechanisms. China advocated for a more inclusive global tax governance framework and proposed joint initiatives on taxpayer services and anti-avoidance measures.
Key Takeaways
- Digital Taxation Consensus: BRICS members agreed to strengthen coordination on taxing the digital economy, aligning with OECD Pillar One developments.
- Capacity Building Programs: China will launch a BRICS Tax Officials Training Program to share best practices in smart tax administration and big data analytics.
- Information Exchange Expansion: Participants committed to expanding automatic exchange of financial account information and beneficial ownership data.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement