New Delhi, Sep 15 (PTI) The BRICS tax authorities on Wednesday discussed the challenges faced by tax administration in the digital era and strategies to overcome them, an official statement said.

The heads of tax authorities of the BRICS countries --Brazil, Russia, India, China and South Africa -- held a virtual meeting under the chairship of Revenue Secretary Tarun Bajaj.

Also Read | Humble Background Didn't Deter WrapCart Founders From Envisioning a Dream.

"The BRICS Tax Authorities engaged in discussion on the challenges faced by BRICS tax administrations in the digital era, coupled with outbreak of COVID-19 pandemic, sharing experience and devising strategies to overcome those challenges.

"The broad theme of the meeting was redefining business processes of tax administration amidst challenges posed by COVID-19 and in the digital era," the Central Board of Direct Taxes (CBDT) said in the statement.

Also Read | Narendra Modi-Led Cabinet Approves Major Reforms in Telecom Sector To Boost Employment, Growth, Competition and Consumer Interests.

The meeting was preceded by meetings of the tax experts of BRICS countries on September 13-14, 2021, in which the potential areas of cooperation were discussed.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)