The Foundation for International Taxation (FIT) is an educational charitable Trust in India registered under the Bombay Public Trust Act 1950 since 18th January 2006. It was established to promote the knowledge and understanding of International Tax laws through research, training, publications and other allied activities.
FIT has been conducting a major International Taxation Conference in the first week of December every year in Mumbai. FIT also organises Training Programmes and Workshops on various aspects of international taxation (e.g. Basic International Taxation and Transfer Pricing). It has announced a specialist “master course” in Taxation of Digital Economy in April 2014 for experienced professionals. It now plans to start a reference library of international tax books, journals and databases at its office in Mumbai. The library will be open to all professionals interested in the study and research of international taxation at no charge. One of the major problems faced by professionals is access to study materials.
International taxation deals solely with cross-border transactions involving the study of tax rules in domestic laws of countries affecting cross-border transactions. Hence, the knowledge and practice of international taxation requires an in-depth study of tax laws and policies in both home and host jurisdictions as well as a detailed study and understanding of bilateral tax treaties and international tax practices.