January 10, 2019
Under the deal, an Indian expert has been mutually selected by the Government of India and the Government of of Eswatini under the TIWB programme
With the implementation of Goods and Services Tax (GST) in July 2018, the nation has expanded its taxation base and considerably improved tax collection
Indian experts have collaborated with accountancy and financial management institutes of Ireland, Bahrain, Tanzania, Saudi Arabia, South Africa and Canada
The Tax Inspectors Without Borders (TIWB) Programme, launched by UNDP and OECD, is aimed at aiding developing countries to strengthen national tax system
The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the Signing of a Terms of Reference (ToR) governing the engagement of the designated Indian expert to provide tax assistance to Eswatini (Previously Swaziland) under the Tax Inspectors Without Borders Programme. Under the deal, announced on January 10, an Indian expert has been mutually selected by the Government of India and the Government of the Kingdom of Eswatini under the TIWB programme. The ToR will formalize the conditions of the engagement of the Indian expert in Eswatini under the programme.
The engagement of the Indian expert will boost assistance provided by India in capacity building in tax matters in foreign countries. With the implementation of Goods and Services Tax (GST) in July 2018, the nation has expanded its taxation base and considerably improved tax collection. This has helped the world’s fastest growing major economy in setting up financial institutions and process worldwide, along with skill development. Just last year, Indian experts have joined forces with accountancy and financial management institutes of Ireland, Bahrain, Tanzania, Saudi Arabia, South Africa and Canada.
The Tax Inspectors Without Borders (TIWB) Programme, jointly launched by UNDP and OECD, is intended to support developing countries to strengthen national tax administrations through audit capacity and to share this knowledge with other countries. The TIWB Programme aims to strengthen tax administrations of developing countries by transferring technical know-how and skills to their tax auditors, and through the sharing of general audit practices and dissemination of knowledge products with them. India being in this respect has a very important role to play in South-South Cooperation in tax matters.