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The Association of Chartered Certified Accountants (ACCA), the global body of professional accountants, has launched a new UAE Certificate in Taxation and Regulation.
Supporting the UAE government’s vision to develop a sound economy and a healthy tax ecosystem, the certificate aims to equip financial professionals during the country’s transformational shift.
The UAE Certificate in Taxation and Regulation provides an introduction to local legislation relevant to the professional practice of accounting and auditing in the Emirates.
code of conduct
This includes professional codes of conduct and ethics, corporate governance, taxation and civil and criminal liability in relation to professional practice. Upon completion of the certificate, candidates will be able to gain a solid understanding of the local and regional business environment and regulations, understand the current legislation related to indirect tax, value added tax, direct tax and tax collection administration, and understand how to apply UAE anti-avoidance and anti-corruption legislation.
Fazeela Gopalani, Head of ACCA Middle East, said: “Our Tax and Regulatory Certificate is designed to equip finance professionals to navigate the UAE’s transition to a tax economy. Working with the UAE Government and local accounting entities, creating practical tools and valuable insights is Part of our purpose and mission, this will enhance the ability of the accounting profession and practitioners to adapt to a dynamic and rapidly changing environment.”
Addressing the Talent Gap
As UAE businesses and organizations grapple with the dramatic impact of the recently implemented corporate tax, in-house talent may not be enough, as the new law requires a level of sophistication in financial understanding that was not previously required or taught. Taxation is its own area of ​​expertise and payroll managers, financial managers etc need to be fully up to date with the new regulations.
The numbers speak for themselves: the demand for tax professionals in the UAE will grow by 40% in 2021 and a similar number in 2022.
Gopalani added: “As the number of businesses in the UAE is growing steadily, so is the demand for skilled, competent financial professionals. Many traditional skills are being replaced by demand for accountants who understand the latest digital technologies and how Leveraging it, artificial intelligence, the ability to network across cultures and countries and the ability to be an effective communicator and paint a picture goes beyond the boardroom business of numbers. And the latest need is to understand taxation.”
Accessible and user-friendly
Structured in an accessible and user-friendly manner, emphasizing key information and providing a useful summary, the certificate is designed for qualified accountants and auditors with an educational or professional background in auditing. It provides a topic-by-topic exploration of specific articles, laws and ordinances.
There are a number of knowledge checks within each module to test a candidate’s knowledge as they progress through the course. The course is regularly updated to ensure it remains relevant. — trade arab news agency
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