Each country is entitled to its right share of tax in respect of every international transaction and appropriate policies shall be formulated over time to ensure such taxation”

New Delhi, 7th November, 2025: The PHD Chamber of Commerce and Industry successfully organised the International Tax Conference 2025, bringing together leading policymakers, senior tax administrators, industry experts and professional practitioners for an in-depth discussion on emerging global tax challenges.

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Addressing the Conference, Mr. Raman Chopra, Principal Chief Commissioner of Income Tax (Central–I), Government of India, highlighted the growing global concern around base erosion and profit shifting (BEPS), explaining how the rise of the digital economy has intensified challenges of tax base protection for market jurisdictions.

He described the transition from BEPS 1.0 to the Two-Pillar Solution of BEPS 2.0, which was approved by 137 nations in October 2021. He also went into detail about the intricacies of Pillar 1, which dealt with the distribution of profits among market jurisdictions, and Pillar 2, which concentrated on minimum tax and Globe Rules.

Mr. Chopra further emphasised the ongoing international discussions on Pillars 1 and 2, including the US reservations on UTPR, and emphasized India’s commitment to tax certainty, simplified compliance, and a non-intrusive tax administration. The last 10 years have seen an immense

He further spoke about the growing relevance of transfer pricing, the significant rise in APAs, and the government’s continued focus on safe harbour provisions, especially for sectors requesting certainty.

Welcoming the dignitaries, Mr. Mukul Bagla, Chair of the Direct Tax Committee, PHDCCI, acknowledged the global shifts in trade, manufacturing and geopolitics that have positioned India as a central player in international tax discourse.

Mr. Bagla emphasized the government’s ongoing efforts to streamline tax laws, lower litigation, improve dispute resolution, and make doing business easier are all in line with India’s goal of becoming a developed, innovation-driven economy by 2047.

The conference featured expert-led deliberations on international taxation, BEPS 2.0, transfer pricing mechanisms, cross-border tax issues and emerging global tax governance trends.