Officials from Brazil, Russia, India, China, and South Africa (BRICS countries) signed a Memorandum of Cooperation (MoC) in tax matters during a meeting held 25 to 27 July 2017 in Hangzhou, China. The MoC is meant to further promote cooperation amongst the BRICS revenue administrations in the common areas of interest in tax matters, including financial account information exchange, and in the area of capacity building and knowledge sharing.
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