A Study on Tax Structure and Economic Condition of BRICS Countries

Dr. Shivangi Agarwal

Abstract: The tax structure of any country plays an important role in boosting the country's economy and increasing revenue. All over the world, each country has a different tax structure policy for increasing the revenue of a particular country. BRICS is a group of developing countries that play an important role in boosting the world economy. In this research article, the researcher tries to figure out the GDP growth, and economic condition of BRICS countries. In this research article, the researcher finds out that India is the faster-growing country in BRICS country and BRICS country, GST is applicable in India only, other BRICS countries used VAT for transfer the goods and services, researcher define that BRICS countries give a big contribution in world GDP.

Keywords: BRICS Countries, Tax Structure, Tax Rate, economy, GDP Growth

How to Cite?: Dr. Shivangi Agarwal, "A Study on Tax Structure and Economic Condition of BRICS Countries", Volume 14 Issue 1, January 2025, International Journal of Science and Research (IJSR), Pages: 813-817, https://www.ijsr.net/getabstract.php?paperid=SR25115185047, DOI: https://dx.doi.org/10.21275/SR25115185047