Presentation of the Diploma in Taxation Program PROGRAM STRUCTURE AND DESIGN The taxation program focuses on giving finance professionals an overview of : individual income tax ; corporate income tax ; value added tax ; and international taxation in Luxembourg explains various concepts using live case studies and practical examples presents the information needed to navigate complex issues surrounding the taxation and regulations is attended in English is certified and well recognized in the Luxembourg financial sector is given by dedicated Deloitte Tax specialists lecturers LOCATION Hénallux - Campus Callemeyn Place du Lieutenant Callemeyn 11-6700 Arlon
The details of the program are as follows : INDIVIDUAL INCOME TAX Target audience Beginners who wish to understand the basic mechanisms of individual taxation for professional or personal reasons. Get an overview of general basic principles governing individual taxation. Learn the computation mechanism of taxable income. Define the different categories of income and explain the computation of the net income in each category (are not covered by this course: commercial profit, profit from agriculture and forestry). Be familiar with provisions reducing the taxable basis: special expenses, extraordinary charges, allowances. Know how to compute personal income tax. Understand the concept of tax residency from a national and international point of view as well as the related consequences.
CORPORATE INCOME TAX Target audience Candidates who wish to learn the basic principles of direct taxes for corporations and partnerships in Luxembourg. Get to know the basic rules of the corporate income tax and the taxpayers subject to this tax. the municipal business tax and the taxpayers subject to this tax. the net wealth tax and the taxpayers subject to this tax. Be aware of administrative procedures and tax claims. Analyze taxpayers situations in order to determine a potential tax compliance obligation and/or option. Understand the differences between accounting results and the tax result, and more specifically the application of the participation exemption regime. Be aware of tax neutrality mechanisms in case of the restructuring of companies. Learn about the tax unity regime. Understand the concept of dividend distributions, hidden capital contributions and the consequences of withholding tax. Get an overview of the administrative procedure and compliance matters.
VALUE ADDED TAX Understand the general history and mechanisms of VAT. Learn the 5 major concepts of VAT : the taxable person, the taxable operation, the place of supply, exemption and the person responsible for VAT. Distinguish between the supply of goods and the supply of services. Understand the principal VAT exemptions and VAT rates in Luxembourg. Understand concepts linked to the person responsible for VAT, including the chargeable event and taxable basis. Understand the processes for VAT recovery. Learn how VAT applies domestically or across borders, including on particular transactions : sale of goods, real Estate and Financial Services. Description of the administrative procedures and compliance obligations related to VAT.
INTERNATIONAL TAXATION Understand the principles of international taxation. Learn about the taxation of residents and non-residents under Luxembourg domestic tax law. Be aware of forms and reasons of double taxation and understand the role of tax treaties as a means to avoid double taxation. Learn about the taxation of specific kinds of income : interest, dividend, capital gain and intellectual property rights. Know about the applicability of tax treaties and learn to analyse taxing rights allocated under the OECD Model Convention as well as triangular tax cases in a tax treaty context. Understand the methods for elimination of double taxation. Be aware of tax aspects of extraordinary transactions such as mergers. Get an overview of the Special provisions of the OECD Model Convention and get acquainted with international tax planning.
IMPORTANT DATES AND INFORMATION Last Date of Registration : August 31 or December 31 Class Start on or after : end of September or February Class Days : Fridays evening (6 pm - 8 pm) Students must attend at least 10 sessions out of 13 in order to be admitted to the exam. ELIGIBILITY CRITERIA The taxation programs are designed for : Students who currently attend the last year of tertiary education in accountancy and who wish to work in an international environment (Luxembourg) with great opportunity to combine training program/internship and final thesis The places available are limited, therefore selection process take place during the first two weeks of September. FEE AND PAYMENT SCHEDULE Program Fee : EUR 180 The fee is payable at the time of class start. The fee is inclusive of all academic charges and program contents. Hénallux - Campus Callemeyn, Place du Lieutenant Callemeyn 11 6700 Arlon Please send your application (CV and cover letter in English) at : callemeyn.arlon@henallux.be