ADIT

About ADIT

The School of Professional Studies in cooperation with Pantelis Stylianides Institute of Accountancy and  TaxAtelier Ltd, are proud to provide the course through one of the most prestigious training organizations in the UK, Tolley Exam Training (part of LexisNexis) specializing in International taxation.

The Advanced Diploma in Taxation (‘ADIT’) was developed by the Chartered Institute of Taxation (‘CIOT’), which is the leading professional body in the United Kingdom (‘UK’) concerned solely with taxation. The Advanced Diploma is supervised by an Academic Board of distinguished international tax practitioners.

ADIT was launched in Cyprus in an effort to fill the gap of professionally qualified international tax planners and to help entrepreneurs and local tax practitioners to meet the needs of their international clients.

It is now being offered in leading western countries and through highly reputable universities. The overall standard of the Advanced Diploma is comparable to the tax advisor examinations in the UK and successful students will be able to demonstrate a high level of competence.

As Cyprus is increasing its reputation as an international financial center, tax is becoming a critical part of the work of most professionals since they are facing more and more challenges and more complex tax structures in their daily routine.

A key characteristic of international corporate tax advisers is that they have a variety of backgrounds and typically spend time in more than one country. This unique specialist Advanced Diploma meets the needs of international tax practitioners in the corporate area.

The benefits of gaining the ADIT qualification are…

  • A global benchmark of quality and an independent means of demonstrating international tax knowledge and ability
  • Portability – wherever you want to take your career
  • Demonstration of your expertise in multiple countries and international tax subjects
  • Joining a growing global network of more than 2,500 ADIT students, graduates and International Tax Affiliates in over 100 different countries and territories – every continent, major market centre, and every business sector represented;
  • Being entitled to put the designatory letters ‘ADIT’ after your name;
  • The opportunity to become an International Tax Affiliate of The Chartered Institute of Taxation.
  • Stand-alone certificates: Candidates who pass Paper 1 – Principles of International Taxation or Paper 3 – Transfer Pricing examinations are eligible to apply for a certificate.

 

Who should attend?

ADIT is ideal for a variety of professionals such as Lawyers, Accountants, Tax Advisers, Management Consultants, Financial Advisers and Notaries. If you intend to pursue a career in international taxation- in industry, commerce, private practice or in the public sector-this is the qualification for you.

ADIT meets the demand both in and outside Cyprus for a specialist qualification for international tax practitioners in the corporate area. The Diploma shows you have a high level of competence in international taxation and brings you the benefits of an internationally recognized qualification. It recognizes that international tax advisers need to understand more than one tax system. The overall standard is comparable to the CTA in the UK. The ADIT examination is set by the Chartered Institute of Taxation.

The Qualification Highlights

  • Qualify in international tax
  • Specialist trainers, outstanding pass rates
  • Classroom learning courses
  • Easy on line application

 

THE ADIT STRUCTURE

To achieve ADIT, students must complete the Principles of International Taxation exam and any two modules from the range of optional exam modules (an extended essay may be completed in place of one of the optional modules).

For full information about each module, please click on the module title below. You can find the full ADIT syllabus for all modules here.

 

MANDATORY MODULE

PRINCIPLES OF INTERNATIONAL TAXATION

CHOOSE ANY TWO (THEMATIC MODULES)

AUSTRALIA INDIA
BANKING IRELAND
BRAZIL MALTA
CHINA SINGAPORE
CYPRUS TRANSFER PRICING
EU DIRECT TAX UNITED KINGDOM
EU VAT UNITED STATES
HONG KONG UPSTREAM OIL AND GAS

 

EXTENDED ESSAY ON A TAX SPECIALISM OF YOUR CHOICE

What do I need to do to qualify for the ADIT? 

Register as a student and apply to sit the exams.

You must register as a student with the Institute for which you need a valid e mail address. Students should aim to be registered by 31 January if they wish to sit an examination the following June and 31 August if they wish to sit an exam in December. To register as an ADIT student, or to renew your registration, please click here.

Registration fee- £205 (valid for 5 years). All ADIT exam passes obtained from June 2010 are valid for five years from the date of issue. If you do not complete the qualification before your first pass expires, you will need to resit the previously passed exam.

ADIT extended essay registrations are valid for three years from the date on which the extended essay proposal is approved. Please note that, if your student registration expires during this three year period and you have not yet completed your extended essay, you will need to renew your student registration before submitting your completed essay. Full information about ADIT extended essay registration can be found here.

 

Study for the exams 

There is a choice of paper for each of the three exams you must pass. The School of Professional Studies in cooperation with PS Institute in cooperation and TaxAtelier Ltd are providing the courses through one of the most prestigious organizations in the UK, Tolley Tax Training (part of LexisNexis)

  • Paper 1-Principles of International Taxation
  • Paper 2.03-Advanced International Taxation (Jurisdiction)-Cyprus Option
  • Paper 3.03-Advanced International Taxation (Thematic)-Transfer Pricing

 

Sit and pass the three exam papers

  • You can sit all the three papers for the ADIT qualification separately or all at once.
  • Paper 1 is compulsory, you can choose any combination of the other papers.
  • There is a handwritten sitting of the exams in June and on screen sittings of the exams in June and December. Each examination is 3 hours 15 minutes in length (including 15 minutes reading time)
  • You are allowed to take certain publications into the examination.
  • The pass mark for each paper is 50%. The results are released in August and February.

 

ADIT Examination Fee 

The exam fee for the December 2019 exams is currently £190 per paper, which includes technical articles, current tax notes, digests of tax cases and news from the Institute. The thesis fee is £190. Fees are set by the CIOT and are subject to annual review.

Certificate 

Upon successful completion of the ADIT exams (or completion of two exams and a thesis) candidates will receive a certificate. Individual certificates are also available for candidates who complete Paper 1-Principles of International Taxation and Paper 3.03-Transfer Pricing.

Available ADIT Modules in Nicosia and Limassol for December 2019 exams 

Paper one – Principles of International Taxation

This paper is based on the OECD Model Convention, and is compulsory for all candidates. The focus is on key issues such as principles of international tax law, residence, double taxation and treaty interpretation, transfer pricing, the work of the OECD and international tax avoidance. Candidates who pass this exam are eligible to apply for a certificate. Please click here for more information.

This exam consists of two parts. Part A consists of five essay-type questions worth 25 marks each. Part B consists of two scenario-type questions worth 25 marks each. Candidates are required to answer four questions in total, including at least one question from each part.

For the Principles of International Taxation syllabus, please CLICK HERE.

Paper two – Cyprus Option 2.03

This module covers the structure of the Cypriot tax system, with particular emphasis on Income Tax, Capital Gains Tax and Value-added Tax, and topics such as the Cyprus Double Taxation Treaty Network, reorganizations and BEPS.

The exam consists of three parts. Part A consists of two mandatory questions worth 25 marks each. Part B consists of one mandatory question worth 20 marks. Part C consists of four questions worth 15 marks each, of which candidates are required to answer any two.

For the Cyprus Option syllabus, please CLICK HERE.

Paper three – Transfer Pricing option3.03

This module covers the fundamentals of transfer pricing based on the OECD model. The module will focus on transfer pricing methods, the arm’s length principle, comparability, compliance issues and avoiding double taxation and dispute resolution. Please see the Syllabus for full details.

The exam consists of three parts. Part A consists of two mandatory questions worth 25 marks each. Part B consists of two questions worth 20 marks each, of which candidates are required to answer one. Part C consists of five questions worth 15 marks each, of which candidates are required to answer any two. 

This exam is offered in the June and December exam sessions

 * Thesis Option – Paper 2 or Paper 3

Candidates may write a thesis in place of Paper 2 or Paper 3, consisting of 15,000 to 20,000 words on any aspect of international taxation (subject to approval). The thesis option can only be chosen for one paper and not both.

Source: CIOT (https://www.tax.org.uk/homepage)

Official Website: http://www.tax.org.uk/adit

 

The ADIT modules in Nicosia are delivered  by Pantelis Stylianides Institute of Accountancy Ltd  and please click here for your registration.

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