Tax Inspectors Without Borders Programme

• Recently, the United Nations Development Programme (UNDP) and the Organisation for Economic Cooperation and Development (OECD), have launched the Tax Inspectors Without Borders (TIWB) Programme in Seychelles.
• India has been chosen as the Partner Administration and has provided Tax Expert for this programme.

Key Points

About:

• It is expected to be of 12 months duration where India aims to aid Seychelles in strengthening its tax administration by transferring technical know-how and skills to its tax auditors through sharing of best audit practices.
• It focuses on Transfer Pricing cases of tourism and financial services sectors.
• Transfer Price, also known as transfer cost, is the price at which related parties transact with each other, such as during the trade of supplies or labor between departments. Multinational companies can manipulate transfer prices in order to shift profits to low tax regions.

FOR MORE CONTENT DOWNLOAD PDF BELOW