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Source- This post is based on the article “Saint Lucia’s Tax Inspectors without Borders (TIWB) programme launched in partnership with India” Published in “PIB” on 15th December 2023.
Why in the News?
Recently Tax Inspectors Without Borders (TIWB) launched a programme in Saint Lucia. India has been selected as the Partner Administration and will contribute Tax Experts to this programme.
What is Tax Inspectors Without Borders (TIWB)?
| Aspect | Details |
| What is it? | 1) It is an initiative aimed at supporting countries in building tax audit capacity. 2) It facilitates the transfer of tax audit knowledge and skills to developing country tax administrations using a practical, “learning by doing” approach. 3) The initiative underpins the OECD/G20 BEPS actions. |
| Launched by | Joint initiative of the Organisation for Economic Co-operation and Development (OECD) and the United Nations Development Programme (UNDP), launched in 2015. |
| Secretariat | Located in Paris, the Secretariat is backed by UNDP’s network of Country Offices in developing nations. |
| Key Features of the Programme | 1) Enhance international cooperation on tax matters and support the domestic resource mobilization efforts of developing countries. 2) It facilitates targeted, tax audit assistance programmes in developing countries across the globe. |
What is the TIWB Programme in Sant Lucia?
1) In partnership with the TIWB Secretariat, India aims to assist Saint Lucia in enhancing its tax administration by imparting technical knowledge and skills, as well as sharing best practices.
2) The program will emphasize the efficient utilisation of automatic exchange of information within the Common Reporting Standard (CRS) framework.
3) It is the seventh TIWB programme which India has supported by providing Tax Experts.
What are OCED/G20 Base Erosion and Profit Shifting (BEPS) Actions?
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