Tax Inspectors Without Borders (TIWB) : India-Bhutan
Source : Indian Express
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Content for Tax Inspectors Without Borders (TIWB) : India-Bhutan) Article

1. About the Agreement
2. Tax Inspectors Without Borders
3. Indian And Bhutan

Why in News ?

Tax Inspectors Without Borders (TIWB) is a joint initiative of the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD) launched its programme in Bhutan.

• India was chosen as the Partner Jurisdiction and has provided the Tax Expert for this programme.

Key Facts

• Tax Inspectors Without Borders (TIWB) is a 24 months duration.
• India in collaboration with the UNDP and the TIWB Secretariat aims to aid Bhutan in strengthening its tax administration.
• It an be achieved by transferring technical know how and skills to its tax auditors.
• Also through sharing of best audit practices.
• The focus of the programme will be in the area of International Taxation and Transfer Pricing.
• This program can be considered as another important milestone to strengthen India-Bhutan cooperation.

Tax Inspectors Without Borders

• TIWB is a joint OECD/UNDP initiative that deploys qualified experts in developing countries across Africa, Asia, Eastern Europe, Latin America and the Caribbean.
• TIWB was launched in July 2015 to strengthen developing countries’ auditing capacity and multinationals’ compliance worldwide.
• Aims to help build tax capacity in the areas of audit, criminal tax investigations and the effective use of automatically exchanged information.
• TIWB assistance has led to increased domestic resource mobilisation in some of the least developed countries in the world.
• It encourage businesses to uphold higher standards of responsible tax behaviour and avoid the reputational risks associated with aggressive tax planning.

India and Bhutan

• The border is 699 km long.
• Bhutan shares border with the Indian states of Assam (267 km), Arunachal Pradesh (217 km), West Bengal (183 km) and Sikkim (32 km; 20 m).
• India and Bhutan share uniquely warm and special relations founded on mutual trust and understanding.
• The India-Bhutan Friendship Treaty signed and ratified by the two countries in 2007 forms the basic framework of our relations.
• India and Bhutan share a common perception of their strategic interests and cooperate closely on security issues and border management.
• India is Bhutan’s largest trade and development partner and source of supplies of most of the essential commodities imported by Bhutan.
• Development of hydropower in Bhutan has been the centre-piece of the bilateral cooperation.
• India supporting Bhutan to prepares its people for the information technology age, it is reaching out beyond its traditional sectors of agriculture and hydropower.

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