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Key Points

5 points
1

Finance Minister Nirmala Sitharaman inaugurated the event.

2

Representatives from ten BRICS countries participated.

3

Key themes were technology, administration, and people.

4

India will chair the new working groups on international taxation and revenue statistics.

5

China will take over the BRICS tax cooperation chair in 2027.

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Summary

The gathering focused on using technology and data to improve tax administration.

Two new working groups on international tax rules and revenue statistics were launched.

The meeting also formalised a program for young tax professionals and a cross‑learning lab.

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New Words to Learn

17 words
inaugurated
started an important meeting
BRICS
group of ten big countries that work together
tax
money people pay to the government
chairship
being the leader of a group for a time
cooperation
working together
technology
tools like computers
digital infrastructure
online systems that help work
institutional mechanisms
ways the groups stay organized
multilateral
involving many countries
framework
big plan or set of rules
international taxation
rules about taxes between countries
transfer pricing
how companies set prices when they trade with each other
revenue statistics
numbers about how much money is collected
capacity building
helping people learn new skills
cross-learning
learning from each other
terms of reference
guidelines for a group
progress report
paper that tells what has been done
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