May 21, 2024
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DIFC Academy collaborates with PwC’s Academy Middle East

Dubai, UAE; 02 May 2023: DIFC Academy, the education platform of Dubai International Financial Centre (DIFC), a leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, has announced its collaboration with PwC’s Academy, the talent and skills development business of PwC Middle East, to offer a globally recognised diploma programme aimed at upskilling tax practitioners in the UAE.

Under a Memorandum of Understanding (MoU) and Cooperation Agreement signed recently between the two entities, DIFC Academy will offer the UAE Corporate Tax Diploma Programme in collaboration with PwC’s Academy, becoming the first institution alongside  PwC’s Academy to deliver this accredited certification. The programme was announced in preparation for the UAE Federal Corporate Tax (CT) Law that comes into effect on 1 June 2023.

Targeting financial professionals, business owners and tax professionals across and beyond the DIFC ecosystem, the UAE Corporate Tax Diploma Programme will provide an in-depth understanding and comprehensive knowledge of the new regulations, legislation requirements, and their practical application. The course also explains how to calculate CT liabilities and comply with payment and filing obligations and ensure a seamless transition to the new corporate tax regime.

The collaboration strengthens DIFC Academy’s efforts in providing high-quality and globally recognised certification programmes to build expertise, enhance skills and meet the professional requirements of a broad range of practitioners across the financial services spectrum. The MoU follows the launch of the first CT workshop with PwC’s Academy in February that received 780 registrations and was attended by 389 professionals. Nearly 50 per cent of the attendees registered their interest to take the UAE Corporate Tax Diploma programme.

Christian Kunz, Chief Strategy, Innovation & Ventures Officer at DIFC, said: “The introduction of a new corporate tax system marks a significant shift in the business landscape in the UAE. Companies operating in the country must equip themselves with a clear understanding of the new tax system, including its obligations and exemptions. As an entity focused on the future of finance, DIFC is excited to collaborate with PwC’s Academy to provide practical guidance on how to ensure effective tax planning and compliance and broaden the skills of the financial services community.”

Amanda Line, PwC Partner and PwC’s Academy Leader, said: “We are committed to supporting our clients in the UAE and across the region to ensure a smooth transition to the new tax regime. The Corporate Tax Diploma is the latest addition to our suite of globally recognised tax certifications. I am confident that our collaboration with the DIFC Academy will further widen the reach of the programme and enable professionals in the finance sector to support their organisations successfully implement corporate tax in line with the legal frameworks of the country.”

The UAE Corporate Tax Diploma delivered by PwC’s Academy is approved by the UAE Federal Tax Authority (FTA) and the course has been attended by a select group of staff from the FTA and UAE Ministry of Finance (MoF). The Final Certificate Examination provided by ATT-UK is designed for anyone keen on expanding their technical knowledge of the new regulation.

Registration is now open. To register for the course at DIFC Academy, please visit https://academy.difc.ae/training-programmes/uae-corporate-tax-diploma.

Last Updated on 1 year by Middle East News 247

    Middle East News 247

    Middle East News 247 delivers trending business and lifestyle news and essential infotainment for, and from the Middle East region, with key focus on the GCC nations: United Arab Emirates (UAE), Saudi Arabia, Qatar, Bahrain, Kuwait, and Oman.
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