The Tax Inspectors Without Borders (TIWB) program of Bhutan is launched with the association of India.
Context
The Tax Inspectors Without Borders (TIWB) program of Bhutan is launched with the association of India.
About the Tax Inspectors Without Borders (TIWB) program
- The Tax Inspectors Without Borders (TIWB) is a joint initiative of the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD).
- This program is expected to be of about 24 months’ duration.
- India in collaboration with the UNDP and the TIWB Secretariat aims to aid Bhutan in strengthening its tax administration.
- It will contribute by transferring technical know-how and skills to its tax auditors, and through sharing of best audit practices.
- The focus of the programme will be in the area of International Taxation and Transfer Pricing.
- India was chosen as the Partner Jurisdiction for the program in Bhutan.
- It will provide the Tax Expert for this program.
- The program is another milestone in the continued cooperation between India and Bhutan and India’s continued and active support for South-South cooperation.
Tax Inspectors Without Borders (TIWB)
- It is a joint initiative of OECD/UNDP.
- It was launched in July 2015.
- The initiative aims to strengthen developing countries' auditing capacity and multinationals' compliance worldwide.
- Tax Inspectors Without Borders is playing a key role in helping developing countries to recover from the pandemic.
- They are targeting increasing domestic revenues while supporting the transition to a greener, more sustainable economies.
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