Tax Inspectors without Borders

Article Title: Tax Inspectors without Borders

16-12-2023

Economy Prelims Plus

Why is in news? Saint Lucia’s Tax Inspectors without Borders (TIWB) programme launched in partnership with India

Tax Inspectors without Borders (TIWB), a joint initiative of the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD), launched a programme in Saint Lucia on 14th December, 2023.

India has been chosen as the Partner Administration and will provide Tax Experts for this programme.

This programme is expected to be of 12-18 months’ duration in which India, in collaboration with the TIWB Secretariat and support of the UNDP Country Office, Barbados and the Eastern Caribbean, aims to aid Saint Lucia in strengthening its tax administration by transferring technical knowledge and skills to its tax administration, and through sharing of best practices.

The focus of the programme will be on effective use of automatic exchange of information under the Common Reporting Standard (CRS) framework.

This programme is the seventh TIWB programme which India has supported by providing Tax Experts.

About:

The OECD and UNDP are pleased to announce the worldwide launch of the Tax Inspectors Without Borders programme.

Tax Inspectors Without Borders (TIWB) is a joint initiative of the OECD and UNDP designed to support developing countries to build tax audit capacity.

TIWB facilitates well-targeted, specialised tax audit assistance in developing countries around the world.

Under TIWB, tax audit experts work alongside local officials of developing country tax administrations on tax audit and tax audit related issues.

TIWB aims to transfer technical know-how and skills to developing countries’ tax auditors, as well as share general audit practices.

The host administrations of developing countries are the lead partners in TIWB programmes, clearly specifying their needs and scope of work.

A dedicated central unit (TIWB Secretariat) jointly managed by OECD and UNDP operates as a clearing house to match the demand for auditing assistance with appropriate expertise.

TIWB is a capacity-building programme. In Addis Ababa, the OECD and UNDP will launch the first 4 year phase of the programme.Why is in news? Saint Lucia’s Tax Inspectors without Borders (TIWB) programme launched in partnership with India

Tax Inspectors without Borders (TIWB), a joint initiative of the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD), launched a programme in Saint Lucia on 14th December, 2023.

India has been chosen as the Partner Administration and will provide Tax Experts for this programme.

This programme is expected to be of 12-18 months’ duration in which India, in collaboration with the TIWB Secretariat and support of the UNDP Country Office, Barbados and the Eastern Caribbean, aims to aid Saint Lucia in strengthening its tax administration by transferring technical knowledge and skills to its tax administration, and through sharing of best practices.

The focus of the programme will be on effective use of automatic exchange of information under the Common Reporting Standard (CRS) framework.

This programme is the seventh TIWB programme which India has supported by providing Tax Experts.

About:

The OECD and UNDP are pleased to announce the worldwide launch of the Tax Inspectors Without Borders programme.

Tax Inspectors Without Borders (TIWB) is a joint initiative of the OECD and UNDP designed to support developing countries to build tax audit capacity.

TIWB facilitates well-targeted, specialised tax audit assistance in developing countries around the world.

Under TIWB, tax audit experts work alongside local officials of developing country tax administrations on tax audit and tax audit related issues.

TIWB aims to transfer technical know-how and skills to developing countries’ tax auditors, as well as share general audit practices.

The host administrations of developing countries are the lead partners in TIWB programmes, clearly specifying their needs and scope of work.

A dedicated central unit (TIWB Secretariat) jointly managed by OECD and UNDP operates as a clearing house to match the demand for auditing assistance with appropriate expertise.

TIWB is a capacity-building programme. In Addis Ababa, the OECD and UNDP will launch the first 4 year phase of the programme.