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Belt and Road Taxation Forum Concludes with Six Key Outcomes

Jakarta:The 7th Belt and Road Initiative Taxation Cooperation Forum recently concluded in Jakarta, Indonesia, marking the end of a three-day conference aimed at enhancing tax administration through digitalization. The event, which attracted over 300 participants, including tax officials from nearly 40 countries, representatives from international organizations, and multinational corporations, focused on topics such as digital taxation and taxpayer services.

According to Thai News Agency, the forum achieved significant consensus among participants, culminating in several key outcomes. These include the release of a joint statement summarizing the achievements of the forum and the introduction of updated tax administration and taxpayer service systems. The updated systems aim to align with the digital economy's demands and improve taxpayer services' efficiency and diversity.

Mr. Huang Suhua, Secretary-General of the Belt and Road Initiative Taxation Cooperation Mechanism, highlighted the progress in tax administration and taxpayer services since the cooperation began. Mr. Cai Zhili from China's State Administration of Taxation emphasized the challenges posed by the digital economy and artificial intelligence, advocating for enhanced digital capabilities and international cooperation in tax administration.

The forum also saw discussions between key tax officials from various countries, focusing on enhancing tax collection and cooperation under the Belt and Road Initiative. The closing ceremony announced Tajikistan as the host for the next forum, with expectations to build on the achievements and consensus reached in Jakarta. Participants expressed appreciation for the forum's role in fostering multilateral tax cooperation and supporting global tax administration improvements.