Annotation

The number of countries involved in intra-BRICS cooperation has dramatically increased in recent years. The author analyses the role of tax issues within the BRICS alliance. Does this cooperation facilitate convergence between the legal regulations of the tax systems? Are there any prospects for establishing a common supranational regulation of international taxation within the bloc? The author concludes that at present it is highly premature to speak of the existence of formal or substantive multilateralism at the level of tax treaties within the BRICS framework. Moreover, there are no signs of a unified supranational regulation shaping up in the foreseeable future. Currently, the main outcomes of BRICS tax cooperation stem from the work of national tax authorities. These efforts focus on developing guidelines, recommendations, and best practice reviews, as well as practical technical solutions aimed at improving tax administration and raising awareness of tax rules across the member states.