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First Transfer Pricing Certificate offered by a professional tax body

The Chartered Institute of Taxation (CIOT) are launching a Transfer Pricing Option Examination Paper. This is a new option available as either a stand alone Certificate or as part of the international tax qualification, ADIT (Advanced Diploma in International Taxation). The Certificate is achieved by passing a supervised three hour written exam available in 200 locations in 140 countries around the world, once a year.

The Transfer Pricing Certificate is a global benchmark of quality and achievement and an independent means of demonstrating transfer pricing expertise.

Employers can be assured of the competence of their transfer pricing teams, gaining an edge on their competitors, and providing reassurance to clients. Because there are flexible study options – no required courses or training organisation – this makes it ideal for the busy professional with work commitments.

Introducing the examination, Richard Collier, Tax Partner at PwC and member of the CIOT ADIT Sub-Committee, said:

“The Transfer Pricing Exam and Certificate meets the needs of specialists from professional services firms, multinational corporations, tax authorities, and academics who specialise in transfer pricing and are looking for a global benchmark.

“As multinational corporations evolve into true global enterprises, compliance with the differing requirements of multiple overlapping tax jurisdictions has become a complicated and expensive task.

“In response to these factors, tax authorities around the world have become more aggressive in the transfer pricing arena.

“This intense scrutiny implies significant risks for the unwary and the unprepared, particularly in a complex field such as transfer pricing.”

To view the Transfer Pricing Syllabus and sample exam paper please click here. If you have any further questions please contact Jonathan Perry at jperry@ciot.org.uk.

Top ADIT students honoured at awards ceremony

The Advanced Diploma in International Taxation (ADIT) awards for achievement were presented at the Admissions Ceremony at the Drapers’ Hall in the City of London on 11 November 2010.

The awards are for the highest mark attained in each of the three papers required for the qualification:

The Heather Self Medal was won by Sushma Gupta of London.
The International Fiscal Association Prize was won by Amanda Sarah North of London.
The Worshipful Company of Tax Advisers Medal was won by Suzanne Gillian Ross of Belfast.

Nine new ADIT Graduates attended the ceremony to receive their ADIT Diploma certificates, coming from as far away as Pakistan.

ADIT is a global qualification with more than 1000 students, graduates and affiliates in over 70 counties worldwide. The qualification is the global benchmark for international tax professionals and sets the standard for those who work in the industry.

There are now eight different tax jurisdictions covered by the various option papers: EC, USA, China, UK, Australia, Hong Kong, Singapore and Malta. As well as the recently launched Transfer Pricing option paper.

The CIOT President, Vincent Oratore, said:

“The award winners and all the candidates should be rightly proud of their success in passing papers for a demanding international qualification. Conducting cross border business demands a high level of competence in international tax matters, which is a mark of quality provided by the ADIT qualification. I am delighted to congratulate all who have passed and we hope to welcome those who are not existing members of the CIOT as International Affiliates of The Chartered Institute of Taxation in due course.”

ADIT awards ceremony

CIOT President Vincent Oratore (centre) with ADIT graduates and prize winners. (Front row from left) Suzanne Ross, Ewelina Lichtenberg, Vincent Oratore, Grace Mambo, Amanda North. (Back row from left) Guy Dawber, Robert Beattie, Michael Shaw, Shahid Jami.