Chamber of Tax Advisers of the Czech Republic Tax Academy Simona Kratochvilova

2 Simona Kratochvilova October 2011 Advanced Diploma in International Taxation The Global Standard in International Taxation Chartered Institute of Taxation

3 Simona Kratochvilova October 2011 Why ADIT? -Recognised and responded to international demand for specialist tax professional qualification at an advanced level -Meets the needs of international tax practitioners working in or with corporate tax -Complements a domestic professional qualification and/or post- graduate level academic degree -International tax professionals have a variety of backgrounds and spend time in more than one country

4 Simona Kratochvilova October 2011 What is ADIT - Structure Students must pass three exams (or two exams and a thesis), held in June, in any order, to complete the designation Paper I – Principles od International Taxation Paper II – Demonstrate detailed knowledge of chosen option jurisdiction´s corporate tax regime regarding international corporate tax matters paper III – demonstrate awareness of key features of the corporate tax systém and information on international corporate tax in relation to the chosen jurisdiction Thesis (optional) – aleternative to either Paper II or Paper III. Topic on some aspect of international tax in relation to any tax jurisdiction

5 Simona Kratochvilova October 2011 ADIT Academic Board Prof. JOhn Avery Jones – Vienna University of Economics and BUsiness Dr. Philop Baker – Institut of Advanced Legal studies, University of London Prof. Malcolm Gammie – London School of Economics, Queen Mary College, University of London Prof. Kees Van Raad – University of Leiden Prof. Jefferson VanderWolk - Faculty of Law at the Chinese University of Hong Kong

6 Simona Kratochvilova October 2011 Who is ADIT for? Professionals who: Want an international rofessional qualification Want to complement their post-graduate degree and/or their national professional qualification Have a personal desire to increase and gain more confidence in their knowledge and skills Don´t have the resources (time, energy, or money) or prerequisites to attend a course requiring regular attendance in a classroom

7 Simona Kratochvilova October 2011 The ADIT Population 1400 students – 55% are outside the UK 85 different countries represented – every continent, major market centre, and every business sector Average age 37 years 60%men, 40%woman

8 Simona Kratochvilova October 2011 Significant benefits Demonstraton of your ability in a „home“ country taxation system Being entitled to put the designatory letters „ADIT“ after your name Modular structure makes it flexible and easier to fit stuy and exams around work commitments No pre-conditions – just an address

9 Simona Kratochvilova October 2011 Study Options ADIT Specific Self study Distance learning In-house training Classroom courses

10 Simona Kratochvilova October 2011 How to register Exams are held in June of each year in over 200 locations in 140 countries around the world New candidates will need to register as a student before the end of February before the June exams Candidates will need to register for the exams before the end of February of each year, but is it recommended students register at least five months before the deadline

11 Simona Kratochvilova October 2011 COST 180 liber – registrační poplatek to the CIOT as issuing and administering authority. Expires after five years 140 liber – exam fee per exam. 420 liber for all three exams (350liber if all exams are sat during the same exam session) Does NOT include course fees, tuition or reading materialws Becoming an Affiliate of the CIOT /optional/ 250 liber – annual subscription

12 Simona Kratochvilova October 2011 Benefits – what people are saying „ADIT“ provides in-depth knowledge of international taxation that is invaluable to a global organisation like Michelin. It enhances the value that I am able to add to the business and provides opportunities to extend my horizonts beyond the UK“. Michelin- Robert Johnstone Director of International Taxation, USA „Studying „ADIT“ and gaining the qualification proves to your employer that you are serious about international tax and about pursuing an international career. Studying for „ADIT“ has allowed me to build up broader knowledge in international tax than I would get by just gaining experience on the job.“ Proctor&Gamble – Doris Gonzales-Hurtado Tax Manager, Germany and Austria

13 Simona Kratochvilova October 2011 Thank you for your attention Simona Kratochvilova