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24 September 2026 · National and international edition

India Sets Up Two BRICS Tax Working Groups as Sitharaman Flags the Transfer-Pricing Burden on Developing Countries

  • Economy & Finance
  • GS-III, GS-II
  • PIBreported it
  • Transfer Pricing
  • BRICS
  • International Taxation
  • BEPS
  • UN Tax Convention

Why it is in the news

On 23 September 2026, Finance Minister Nirmala Sitharaman inaugurated the BRICS Heads of Tax Authorities Meeting in New Delhi. The Central Board of Direct Taxes (CBDT) hosted it as the final event of India’s 2026 BRICS Chairship of the tax cooperation track.

The exam angle

Issue: Transfer-pricing rules written mainly by capital-exporting countries put the heaviest dispute burden on capital-importing ones. Can BRICS coordination and the UN convention make international tax rules fairer without breaking up the global system?

Written for APPSC Group 1, TGPSC Group 1 and UPSC Civil Services. More from 24 September 2026 or all current affairs.

India Sets Up Two BRICS Tax Working Groups as Sitharaman Flags the Transfer-Pricing Burden on Developing Countries · PrepShark