India joins Seychelles’ Tax Inspectors Without Borders programme

WHY IN THE NEWS?

• The Tax Inspectors Without Borders (TIWB) has launched its programme in Seychelles. India has been chosen as the Partner Administration for this programme. The country will be providing its Tax Expert in support of the initiative.
• The focus of the 12-month programme will be on Transfer Pricing cases of tourism and financial services sectors.
• TIWB is a joint initiative of the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD), since its launch in 2015.
• The aim of the initiative is to aid countries in strengthening their tax administration by transferring technical know-how and skills to the tax auditors through sharing of best audit practices