Event details

Enhancing International Tax Understanding: Tax Treaty Workshop Organised Jointly by the UNDP and the South Centre

3-7 August 2023

Event details

The United Nations Development Programme (UNDP), through its Tax for SDGs Initiative, and the South Centre jointly organised a three-day capacity-building workshop held from 3-7 August 2023 on Tax Treaty Negotiation, Tax Treaty Policy Framework and Model Tax Treaty for Sri Lanka for approximately 100 government officials from the Fiscal Policy Department (FPD), Inland Revenue Department (IRD),  Ministry of Finance and the Board of Investments, and the Ministry of Investments.

 

The UNDP ‘Tax for SDGs Initiative’ in collaboration with the South Centre Tax Initiative aims to support developing countries in increasing Domestic Resource Mobilization (DRM) and achieving the Sustainable Development Goals (SDGs). Foreign investment serves as one of the tools as a source of revenue for developing economies. On the tax front, international tax agreements play a pivotal role in shaping cross-border trade, investment, and economic relations. While tax treaties are designed, among other things, to promote cross-border investment, some developing economies have not always reaped the intended benefits. Complex provisions and negotiation power imbalances often result in these countries being unable to fully protect their tax base or secure favourable terms, potentially exacerbating inequalities in the global economic landscape.

 

SouthNews

Image gallery of the event