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Certification In Taxation

COURSE DURATION: 6 months

DAYS: Saturdays

TIME: 10:00 am to 12:00 pm

LEARNING PLATFORM: Zoom

COST: $2,500 members - $3,000 non-members

REGISTRATION FEE: $65

In today’s ever-evolving financial landscape, staying ahead in taxation and wealth management is not just an advantage—it’s a necessity. We are pleased to invite professionals in the financial services sector to enroll in our Internationally Certified Taxation Programme, designed to provide cutting-edge knowledge and practical insights into the complex world of taxation.

 

This comprehensive programme covers key areas essential for financial professionals:

 

  • Fundamentals of Taxation – Master the core principles of taxation and compliance.

  • General Principles of Taxation – Gain a strong foundation in tax laws and regulations.

  • International Aspects of Global & U.S. Taxation – Navigate the complexities of cross-border taxation.

  • Tax Planning for Wealth Management – Develop strategies to optimize tax efficiency for high-net-worth clients.

  • Department of Inland Revenue & Value-Added Tax (VAT) – Understand local tax structures and compliance requirements.

 

With expert-led instruction and an internationally recognized certification, this programme is ideal for accountants, tax professionals, wealth managers, and financial advisors looking to expand their expertise and offer unparalleled value to their clients.

ACCREDITATION

The Chartered Banker Institute is a global professional education body for bankers, based in the UK. Established by Royal Charter, we are a not-for-profit educational charity with a mission to enhance and sustain socially purposeful, responsible, professional banking in the public interest. We do this by developing and supporting bankers’ education and professional development throughout their careers - Learn more >

Modules

Module I - Fundamentals of Taxation 
 

  • General Principles of Taxation

  • Mechanics of Tax Systems and the development of tax policy

  • Operation of Tax Administration and Tax Revenue Collection

  • Interpretation and Application of Tax Legislation

  • Comparative Analysis of International and Regional Tax Systems

  • Caribbean and Latin American Tax Policy and Tax Reform Issues

 

Module II - International Aspects of Global and US Taxation
 

  • Supranational Bodies and Global Tax Co-operation

  • Tax Information Exchange Agreements (TIEAs) and Domestic Tax Treaties

  • US taxation of foreign income of US persons

  • US taxation of US income of foreign persons

  • US taxation of foreign entities, US beneficiaries of foreign trusts, and other entities

  • Tax Avoidance and Tax Evasion Issues

  • The Foreign Account Tax Compliance Act (FATCA)

 

Module III - Trusts & Estates
 

  • Fundamentals of Trusts

  • Offshore Trust and Company Administration

  • Private Trust Companies (PTCs) and Family Offices

  • Wills, Intestate Succession, and Probate

  • Tax Issues involving trusts and estates

 

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Module IV - Taxation Planning for Wealth Management

  • Capital Gains versus Ordinary Income

  • Foreign Source Income

  • US / Domestic Source Income

  • Structuring to achieve tax deferral and tax preferred planning

  • Financial Privacy and Tax Transparency

  • Tax Information Exchange Agreements

  • Global Standard of Automatic Exchange of Information

  • Residence and lifestyle planning

 

 

Module V- Taxation in The Bahamas (Understanding The Bahamas Department of Inland Revenue & VAT Legislation)

 

The role and mandate of the Department of Inland Revenue

  • The legislative framework: Key Acts and regulations

  • Structure of tax administration in The Bahamas

  • Taxpayer rights and obligations

  • Real Property Tax Management

  • Corporate (Company) Taxation-Business License vs Income Tax

  • Using the Online Tax Administration System (OTAS)

  • e-Filing, e-Payments, and document uploads

 

Introduction to Value-Added Tax (VAT)

  • Definition and purpose of VAT

  • VAT in The Bahamas: Background and rationale

  • Overview of VAT legislation and amendments

  • VAT vs other indirect taxes

  • Import/Export Duty Taxes

  • Social Security (NIB) Deductions-Tax or No Tax?

  • Miscellaneous (Sundry) Taxes - Gaming, Stamp, Residency Et Al

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