DUBAI, UAE– DIFC Academy announced a collaboration with PwC’s Academy to offer a globally recognized diploma program aimed at upskilling tax practitioners in the UAE.
Under the deal, DIFC Academy will offer the UAE Corporate Tax Diploma Program in collaboration with PwC’s Academy, becoming the first institution alongside PwC’s Academy to deliver this accredited certification.
The program was announced in preparation for the UAE Federal Corporate Tax (CT) Law, which comes into effect on June 1, 2023.
Targeting financial professionals, business owners, and tax professionals across and beyond the DIFC ecosystem, the program will provide a comprehensive knowledge of the new regulations, legislation requirements, and their practical application.
The course will also explain how to calculate CT liabilities, 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 recognized certification programs 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 percent of the attendees registered their interest in taking the UAE Corporate Tax Diploma program.
Chief Strategy, Innovation and Ventures Officer at DIFC Christian Kunz 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.”
He said, “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.”