Why in news ?

India and Bhutan have jointly launched the “Tax Inspectors without Borders (TIWB)” on June 23, 2021.

Tax Inspectors without Borders (TIWB)

• TIWB is a joint initiative of United Nations Development Programme (UNDP) and Organisation for Economic Cooperation and Development (OECD).
• TIWB seeks to provide support to the developing countries to help them strengthen national tax administrations by building audit capacity.
• It complements the efforts of international community to strengthen cooperation on tax matters & contribute to domestic tax mobilisation efforts.

Aim of TIWB

TIWB programme aims to strengthen tax administrations among developing countries by transferring technical know-how and skills to their tax auditors and by sharing general audit practices & dissemination of knowledge products with them.