Gold Magazine September - October 2013, Issue 30 | Página 62

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ADIT: THE PREMIER
INTERNATIONAL TAXATION
QUALIFICATION
ADIT courses offered by Globaltraining

T

he ADIT examination
set by the Chartered
Institute of Taxation
(CIOT) is broadly
recognised in the UK
and worldwide as the
premier qualification
regarding International Taxation. Today,
there is a growing community of ADIT
students, graduates and affiliates in over 70
countries around the world.
The Advanced Diploma in International
Taxation (ADIT), has been developed and
supervised by leading international tax
practitioners and academics, and it meets
the needs of international tax practitioners
working in the corporate arena. It is of
great importance to note that what sets the
ADIT apart from other tax qualifications is
the fact that ADIT is a “practical qualification” which is the result of a balanced focus
between academic understanding and practical “real life” application.
International tax issues which arise from
cross-border transactions are an important
part of the work of many tax advisers.
However, a key characteristic of many such
advisers is that they have a variety of backgrounds and that they have “learned on the
job”, probably without obtaining any professional qualifications. ADIT truly identifies you as an international tax specialist
and indicates a high level of competence
in international taxation. It will “fill in the
gaps” in your knowledge of international
tax and other jurisdictions. To conclude,
ADIT is an inspiring and demanding qualification, but one that will reward you, your

career and your employer, as it provides
the opportunity to prove and improve your
skills and technical expertise.
The overall standard of the qualification is
comparable to the Chartered Tax Adviser
(CTA) in the UK. The Institute considers
that there are significant benefits in having
an internationally recognised qualification.
The Qualification

The ADIT qualification is awarded on the
basis of three examination papers, which
can be sat on a modular basis, or all at
once. There is only one sitting of ADIT
each year in June.
• Paper I - Principles of international taxation
• Paper II - In-depth knowledge of international tax issues for a choice of their
primary jurisdiction (current jurisdictions
covered: Australia, Hong Kong, Malta,
Singapore, UK and USA)
• Paper III - An awareness of basic tax issues, particularly in relation to international tax, in at least one secondary jurisdiction
(current jurisdictions covered: Australia,
China, EC, UK and USA. In addition
there is a transfer pricing paper.)
The jurisdictions chosen for Paper II and
Paper III must be different. It is possible
to substitute a 15,000 - 20,000 word thesis
for Paper II or Paper III. Each examination
is 3 hours 15 minutes in length (including
15 minutes reading time).
Globaltraining currently offers revision
and tuition training aimed at the Paper I
and the Transfer Pricing option for Paper
III.

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

Registration with
the Institute

Prospective candidates
By Pantelis
register as students with
Karonias,
the Institute by the end
Senior Manager,
Globaltraining
of November for the June
2014 examination. This is
an open access qualification, thus there is no
pre-requirement for registration.
Exam entry with the Institute

Students must also apply to sit the examination (this is a separate and additional process
to registering as a student). The deadline
for this is the end of February for the June
examination.
Permitted texts

You are allowed to take certain publications
into the examination
Paper I: Volume 1 - Materials on International and EC Tax Law (Van Raad, Kees)
Paper III (TP option): Volume 1 - Material
on International and EC Tax Law (Van Raad,
Kees); OECD Model Tax Convention on Income and on Capital: Condensed Version; and
OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations
Pass Mark

The pass mark for each paper is 50%
Results

The results are released in August.
For more details visit the Globaltraining
website at www.globaltraining.org or call
22841548/540 or 25383682