Journal Press India^®

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Government of a country imposes various types of tax structures to collect revenue from public. Economic environment of a country is also affected by tax structure of a nation. Present study is an attempt to understand the tax structure of BRICS countries which include Brazil, Russia, India, China and South Africa. The comparison is made among the performance of businesses of BRICS countries on the basis of various tax related parameters such as tax revenue - GDP ratio, number of tax payments, time taken in tax compliance,  profit tax paid by businesses in their countries, labour tax and contributions paid by businesses in their respective countries, other taxes paid by businesses to government, total tax rate imposed by countries on businesses   etc. In this study it is found that India stands far behind other BRICS nations in most of these parameters. The study recommends further reforms in Indian tax structure so as to remain competitive with other BRICS members.

Keywords

BRICS; Tax structure; Compliance; Goods and Services Tax (GST)

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