Brushing up on tax rules

PUBLISHED : Friday, 06 July, 2012, 12:00am
UPDATED : Friday, 06 July, 2012, 12:00am


CTA Qualifying Exam

With the rapid increase in global trade and investment in recent years, tax administration is now more than a localised business.

The fast-changing tax regulations in different regions have made taxation a specialised profession, and the market demand for professionals has been surging.

The Taxation Institute of Hong Kong (TIHK) has organised the Certified Tax Adviser (CTA) Qualifying Examination since 2010, to promote the study of taxation and enhance the standard of tax professionals in Hong Kong.

The exam consists of four papers: Hong Kong Tax, International Tax, PRC Tax, and Advanced Taxation Practice.

A course to prepare for the exam is available at the School of Continuing and Professional Education (SCOPE), at City University of Hong Kong (CityU).

The course attracts accountants, lawyers and company secretaries keen to update themselves on regulations regarding taxation.

Peter Kung, former president of TIHK, says the aim of the examination is to brush up on the taxation industry.

'Taxation laws have become much more complicated and there is a need to enhance the professional image of the industry. We strongly encourage employers to send their staff to take the course,' he says.

The preparatory course usually takes place on weekday evenings, or on Saturdays and Sundays. Each topic takes 15 hours to complete.

The CTA qualification has been accredited by many international accounting firms and enterprises, including KPMG.

The examination is open for enrolment from now until September 14. Application forms are available from the TIHK website.