Keeping oneself updated with the current and potential compliance and tax issues, continue to be a major focus area of every business decision maker. With the Globalization of economies, signing and review of free trade agreements, increase in the number of cross border transactions, mergers, acquisitions, tax treaties, transfer pricing etc. have made the need to know the international tax laws. To build the capacities in the area of international taxation, the Institute of Chartered Accountants of India (ICAI) with the approval of Ministry of Corporate Affairs has brought out a Post Qualification Diploma in International Taxation for its members.
The Diploma course will benefit the professionals in industry as well in practice to acquire specialized knowledge in the area of International Taxation and take the profession to the yet newer heights. The syllabus of this course has been thoughtfully designed by the stalwarts in the profession to ensure that the member acquire working knowledge and are able to identify and resolve specific problem areas in a variety of practical situations. Considering the necessity for providing dedicated and focused guidance, equal weightage has been given to the subjects of “Transfer Pricing” and “International Tax”.
There are plentiful of professional opportunities available for the person who masters in this, as there are only few chartered accountants who are practicing in this area. The background material of the course has been written and reviewed by eminent experts in the area of taxation. This course would provide an aspiring practitioner the desired confidence to practice in this complex and upcoming field.
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Objectives of Diploma in International Taxation
- To gain working knowledge of the provisions of International taxation laws.
- To acquire an analytical approach to apply the working knowledge to specific problem areas in a variety of practical situations.
Course Structure of International Taxation
- The Diploma in International Taxation shall include 120 hours International taxation Professional Training (INTT PT) and Assessment Test (INTT AT).
- A candidate who has successfully passed the Diploma in International Taxation shall be awarded a Diploma certificate in the appropriate form and be entitled to use the letters ‘DIIT (ICAI)’ after his name.
International Taxation Assessment Test Syllabus
A candidate for International taxation Assessment Test shall be examined in the following subjects:
Paper 1 – International Tax – Transfer pricing (100 marks)
Syllabus – Provisions of Income-tax Act, 1961 and Income tax Rules, 1962 relating to Transfer pricing, OECD Transfer Pricing Guidelines and multinational Enterprises & tax Administration and UN Transfer Pricing guidance for developing Countries.
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Paper 2 – International Tax – Practice (100 marks)
Syllabus- a. Provisions of Income-tax Act, 1961 and Income tax Rules, 1962, relevant to International Tax in India, Principles of International Taxation, Double Taxation Avoidance Agreements, Tax Information Exchange Agreements, Anti-Avoidance Measures etc.
b. Model Tax Conventions (UN, US and OECD), Basics of International tax Structures, International Financial Centre, other issues in International Taxation which may arise from time to time like digital economy & e-commerce, financial Instruments and Trusts etc.
c. Any new legislation having impact on International Taxation, introduced from time to time.
Note:
The participant will have to undergo 120 hours International taxation Professional Training (INTT PT) which would cover the above-mentioned syllabus.
Registration and Other Requirements for International Taxation Diploma
A. Schedule of the Course Sessions
The participants would be required to attend the course sessions on weekends (Saturday and/ or Sunday) from 10.00 AM to 5.30 PM.
B. Minimum Number of Participants
Minimum no. of the participants per batch: 40
Maximum no. of participants : 65
C. Fee Structure
Course Fee: Rs.40,000/- which shall include 120 hour International taxation Professional Training (INTT PT) and Background Material for the Course.
D. Registration
Members of the ICAI interested in taking this Diploma Course have to apply for registration to the Course using the Registration Form available at ICAI Portal. Registrations Last date for Post Qualification Diploma in International Taxation at Chennai and Pune location is April 29,2017. Click here to Apply.
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E. Mode of Payment
- In case of submission of online application for registration, the fee is to be paid online.
- In case of offline registration, a Demand Draft of Rs. 40,000/- drawn in favour of ‘The Secretary, The Institute of Chartered Accountants of India’ payable at New Delhi is to be sent along with duly filled registration form.
F. Documents to be Submitted
- Copy of duly filled application form.
- Proof of online payment (in case of online payment)
- Two copies of recent passport sized photographs and
- Proof of ICAI membership.
Submission to:
Committee on International Taxation,
The Institute of Chartered Accountants of India,
ICAI Bhawan,
Hostel Block, 6th Floor,
A-29, Sector-62, Noida (U.P.) – 201309,
E-mail: citax@icai.in, +91 120 3045923
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