DIFC Academy enters into partnership with PwC’s Academy

By Shilpa Annie Joseph, Official Reporter
  • Follow author on
DIFC Academy collaborates with PwC’s Academy
Rep. image

DIFC Academy, the education platform of Dubai International Financial Centre (DIFC), has entered into a collaboration with PwC’s Academy, the talent and skills development business of PwC Middle East, in order to offer a globally recognized diploma program aimed at upskilling tax practitioners in the UAE.

Under a Memorandum of Understanding (MoU) and Cooperation Agreement, 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 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 Program 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 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 which received 780 registrations and was attended by 389 professionals. Nearly 50 percent of the attendees registered their interest to take the UAE Corporate Tax Diploma program.

Mr. 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,” Mr. Kunz added.

Related: Sheraa startups & AUS offer over 100 job positions to students