Gold Magazine February - March 2013, Issue 23 | Page 76

ADIT - Your

Premier Tax

Qualification

Advanced Diploma in International Taxation

A

s an established financial
centre at the eastern end of
the EU, Cyprus has developed a privileged tax regime
and excellent financial
services provision facilities, which have attracted a
vast amount of investment from all over the
world. These features, together with Cyprus’s
geographical location, its infrastructure and
its abundance of highly-skilled professionals
providing tax advice, represent a significant
competitive advantage by providing international firms with substantial benefits for
setting up their companies in Cyprus.
The strong international environment that
exists in Cyprus and the increasingly complex
taxation issues with which professional advisers have to deal constantly require specialized
international tax expertise. Obtaining the
Advanced Diploma in International Taxation
will reward you with a competitive edge and
give you the technical expertise to provide
your employer and your clients with the
added value of being able to demonstrate tax
expertise to a global standard.

ABOUT ADIT

The ADIT qualification is considered
the global benchmark for international
corporate taxation and it is administered
and awarded by the Chartered Institute of
Taxation (CIOT), the premier professional
body in the UK concerned solely with
taxation. ADIT is currently pursued by over
1,000 students in over 90 different countries
– every continent, major market centre and
business sector is represented.

The ADIT qualification consists of three
papers, although a thesis may be substituted for
either Paper II or Paper III (but not both):
• PAPER I – Principles of International Taxation
• PAPER II – Advanced International Taxation – Primary jurisdiction
• PAPER III – Principles of Corporate and International Taxation – Secondary jurisdiction
The modules covered in Paper I include key
issues such as the principles of international
tax law, residence, double taxation and treaty
interpretation, transfer pricing, the work of the
OECD and international tax avoidance. Paper
III also includes the option to specialize in the
area of Transfer Pricing.
The thesis option for Paper II or Paper
III can be taken where the thesis consists
of 15,000 to 20,000 words on any subject
of international taxation, subject to approval.Examinations are held once a year
in June and have a 3-hour duration plus
15 minutes reading time. Registrations for
the course and paper must be completed
by the end of February. Upon registration,
the Institute allows a time span of five
years to complete the qualification.
Exams can be taken in Cyprus at the local
examination centre, thus eliminating the need
for travel expenses.
A separate certificate is available to
those passing paper I or Paper III, giving
candidates the option to only cover the
part of the diploma focusing on their
area of interest. This may potentially be
valuable for anyone wishing to increase
their knowledge in a specialized area in a
shorter timespan.

WHO CAN ATTEND AND
BENEFIT FROM OBTAINING
THE ADIT QUALIFICATION?

There are no pre-requirements to register as
a student or take exams. This is an open access
qualification allowing anyone with a keen
interest in taxation to be eligible to apply for
registration. It is thus suitable for accountants,
management and tax consultants, financial
advisors, lawyers and any other professional
looking to obtain or specialize in international
tax advisory roles. As a graduate of ADIT,
you will be entitled to put “ADIT” after your
name as a proof of quality and achievement in
demonstrating international tax expertise.
As a globally recognized professional
qualification, ADIT will open up prospects for
further advancement opportunities since it will
indicate that you have proved your knowledge as a qualified professional who has been
benchmarked among the elite international
tax practitioners around the globe. Your clients
will also benefit from increased specialization in
international taxation, allowing yo u to be able
to provide highly valued tax advice which will
then be your passport to attracting more clients
and thus increasing your revenue streams.
Registering for ADIT will give you the
further advantage of joining a growing global
community and network of international tax
professionals around the world. You can take
an active part of this network by attending
the conferences held by CIOT or by entering
the online community and groups set up for
ADIT students and members.
Furthermore, obtaining the ADIT qualification will also count towards your Continuous
Professional Development (CPD) units.

74 Gold THE INTERNATIONAL INVESTMENT, FINANCE & PROFESSIONAL SERVICES MAGAZINE OF CYPRUS

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