Income Tax Workshop(Postponed)

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA

(Established under the Accountant Act, Laws of Kenya)

Income Tax Workshop

Date: (Postponed)

Venue: TBC.

Time: 8am to 4pm

1.0 Overview of the training

The purpose of this workshop is to enable the participants to gain a deeper understanding on income taxes – Corporation Tax, PAYE and Withholding Tax.

Such an understanding will enable the participants become compliant with the Income Tax legislation. The workshop will also provide illustrative examples to enable participants to use their knowledge and experience to discuss applications and possible challenges in fostering income tax compliance.

For your businesses to prosper, it is the responsibility of the management to build on a strong foundation and grow it in a sustainable way. Managing your tax obligations responsibly and proactively can make a critical difference in the sustainability of the business. This is more true today as the revenue authority is aggressively pursuing non-compliant tax payers

Participants at the workshop will be equipped with the relevant skill sets that enable them understand the key aspects of income taxes that affect their day-to-day business transactions and identify risk areas and come up with sustainable tax planning opportunities, throughout a tax lifecycle.

The workshop will provide both your finance and operational team with good understanding on income taxes and thus help improve their day-to-day operations and reporting with a view to pro-actively managing any potential income tax exposure.

The workshop will cover the following content:

Corporation Tax

• Imposition of Income Tax
• Exemption from Income tax
• Ascertainment of Total Income-Deductions allowed and deductions not allowed;
• Capital deductions
• Persons assessable & assessments
• Returns and record-keeping
• Communications & Electronic System
• Administrative Penalties

Withholding Tax

• Introduction-principles of Withholding Tax (WHT)
• The legislation
• Payments/services subject to WHT
• Rates-residents
• Obligations to deduct
• WHT administration
• WHT penalties and interest
• Complex issues
• WHT Planning

PAYE

• Understanding basic PAYE concepts
• What constitutes Taxable income
• Non-Taxable benefits
• Allowable deductions
• Tax reliefs
• Other employment payments
• PAYE returns
• Penalties and offences
• Gray areas
• Tax Planning ideas

2.0 Target Audience:

Tax practitioners, Business Owners & start-ups, Auditors, Finance staff involved in tax matters, Tax Accountants

3.0 Financial Commitment

The workshop charges :

4.0 Continuous Professional Development Units (CPD Units)

Members of ICPAK and reciprocating professional bodies will be awarded 14 CPD Units upon successfully attending all workshop sessions

5.0 Special Needs

If you have special dietary or religious requirements, or should you need any particular assistance kindly refer to the event coordinator on fredrick.Otwori@Ipcak.com

6.0 National Industrial Training Authority (NITA) Reimbursement

The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke).

7.0 Sponsorship’s, Partnership Opportunities & Additional Information

This workshop presents a unique opportunity for brand positioning and communication that will enjoy optimal visibility before potential targeted customers. Armed with significant purchasing power and decision-making authority, the audience are a key target group for businesses. Sponsorship opportunities range from item sponsorship’s, exhibitions, advertising and sub-event sponsorship within the major event

The workshop intends to attract over 100 participants drawn from both the public and private sectors presenting a rare chance for exhibitors and sponsors. Those interested in sponsoring the event can reach us through raphael.nguli@icpak.com

Further requests can be channeled to us via telephone calls on +254 733 856 262/ 109 074100 or via email to memberservices@icpak.com or fredrick.Otwori@Ipcak.com . We encourage members to regularly visit our website www.icpak.com for updates.