Tax laws in India are becoming more and more complex. 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 added to these complexities.
To help our members to build the capacities in the area of international taxation, the ICAI through its dedicated Committee on International Taxation has been conducting a certificate course on International Taxation for its members since 2009. After successfully organizing certificate course for six years, the Institute of Chartered Accountants of India 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 our 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.
Benchmarking skill sets and Delivering innovation......
Keeping pace with growing complexities of businesses, cross border investments, acquisitions, trade and technological innovations, tax laws are becoming more and more complex. Globalization of economies, signing and review of free trade agreements and tax treaties coupled with more rigorous application of anti avoidance measures by various jurisdictions, add to these complexities. Though compliance with tax laws is being simplified, at the same time cost of non-compliance is increasing.
Since our professionals are competent and well prepared to take up the challenges involved in working in the borderless world, ICAI too is geared up to support them in respect of the required knowledge up-dation.
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”.
The background material of the course has been written and reviewed by eminent experts in the area of taxation. This course, if completed, would provide an aspiring practitioner the desired confidence to practice in this complex and upcoming field. As there are only few chartered accountants who are practicing in this area, there are plentiful of professional opportunities available for the person who masters in this.
Keeping oneself updated with the current and potential compliance and tax issues continue to be a major focus area of every business decision maker. Tax laws have a bearing in every business decision, whether it is relating to transactions with related or non related parties; in the domestic or global markets or structuring of business or entering into new business areas. Sweeping changes are being made in the tax laws all across the globe. Organisations that are a part of a multinational group have to evaluate the implications of the probable anticipated changes. They will also need to keep an eye on the tax administrative and legislative developments in India and also in other jurisdictions where they operate. Undoubtedly, this will widen the scope of practice for our chartered accountants in the area of international taxation.
This course has been designed to provide necessary exposure and practical approach to our members in this area. This field has been offering a lot of professional opportunities for our members, which needs to be tapped. At present, the members practicing in this area are not in proportion to the opportunities available. Thus, ICAI took this initiative to encourage its members, particularly, the young members to take up international taxation as an area of practice.
Our chartered accountants perfectly fit in the much required advisory role in the area of International taxation and this course will gear them up to face the challenges involved in this upcoming professional opportunity.
1. Course Structure
(i) The Diploma in International Taxation shall include 126 hours International taxation Professional Training (INTT PT) and Assessment Test (INTT AT).
(ii) 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.
2. Papers and syllabus for the International taxation Assessment test (INTT AT)
A candidate for International taxation Assessment Test shall be examined in the following subjects:
Paper 1 - International Tax - Transfer pricing (100 marks)
Paper 2 - International Tax - Practice (100 marks)
Paper 1 International Tax - Transfer pricing
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.
Paper 2 International Tax –Practice
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
1. The participant will have to undergo 126 hours International taxation Professional Training (INTT PT) which would cover the above-mentioned syllabus.
2. If new legislations are enacted in place of the existing legislations the syllabus will accordingly include the corresponding provisions of such new legislations in the place of the existing legislations with effect from the date of its notification or effectiveness.
3. Conduct of International taxation Assessment test (INTT AT)
a. A candidate will be eligible to appear for INTT AT after completing minimum of 75% attendance in course sessions of INTT PT and issue of Eligibility Certificate by the Committee on International Taxation. The Assessment test will be conducted at such intervals, in such manner and at such time and places, as the Examination Committee may direct. Candidates are advised to refer to examination notifications hosted from time to time on the website of the Institute www.icai.org to ensure compliance of specific requirements of the forthcoming Assessment Tests.
b. Assessment Test for Diploma in International Taxation (INTT-AT) from November, 2022 onwards- https://www.icai.org/post/citax-intt-at-nov22 4. Registration and other requirements
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.28,000/- which shall include 126 hour International taxation Professional Training (INTT PT) and Background Material for the Course. Cancellation charges i.e. 10% of gross fee paid, will be applicable in case the cancellation request is placed by the participant before starting of batch. No cancellation request will be entertained after the commencement of the batch.
D. Registration and Payment
a. Members of the ICAI interested in taking the Diploma in International Taxation Course have to apply for registration to the announced Course available in Digital Learning Hub Portal (DLH) : https://learning.icai.org/iDH/icai/
b. Login and payment related issue at DLH portal, please visit following weblink: https://learning.icai.org/committee/faqs/
c. Payment is to be made online through the link provided in the announcement hosted at https://www.icai.org/post.html?post_id=13125
E. CPE Hours
The maximum CPE Hours granted for the course would be as per the minimum requirement recommended by the CPE Committee, for a Calendar year for the members in practice as under -
25 CPE Hours on completion of training with necessary attendance
5 CPE Hours shall be granted only after qualifying the INTT AT