Tax Seminar – North Rift Branch

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA

(established under the Accountant Act, Laws of Kenya)

TAX SEMINAR

Date: 30^th – 31^st January 2020

Venue: Sirikwa Hotel, Eldoret

Time: 8.30am to 4.30pm

Brief

The President finally assented to the Finance Act, 2019 (FA 2019) on 7 November 2019 after a long wait. Prior to the date of assent of FA 2019, none of the changes proposed in the Finance Bill, 2019 had taken effect. The tax proposals in the FA 2019 with the earliest having an effective date of 7 November 2019 and the rest becoming effective from 1 January 2020

An appraisal of Kenya’s public finances reveals significant disparity between the revenue and expenditure of the government, resulting in growing deficits.

2018/9 fiscal year was rich of developments such as proposals of new regulations across the European Union, issuance of new Kenyan tax regulations and intensive lobbying for the Big Four Plans by the Government of Kenya.

Will these and other developments reshape Kenyan and regional economic landscape, and

tax function of the future?

Topics to be covered include:

• Emerging tax issues brought about by the Finance Bill 2019 and recent developments in Kenya
• Recent aggressive KRA’s tax audits and assessments, and how to deal with them as an individual or as a business like an expert.
• Income Taxes in Kenya:

1. Developments from the new income tax legislation.
2. Withholding taxes.
3. Taxation of local and expatriate employees.
4. Corporation taxes

• Value Added Tax (VAT)

1. Updates on the VAT Act 2013 & Regulations
2. VAT status of petroleum products
3. Unmasking reverse VAT
4. VAT compliance & planning

• Viability of the government’s Big Four Agenda:

1. Taxation of cryptocurrencies
2. Miscellaneous Taxes
3. Tax identity theft and scams
4. Implementation of digital tax
5. Tax controversies and clarification

 Target Audience

Audit and tax practitioners, Personnel handling tax issues in  organizations,  Representatives  from  KRA,  Tax Payer’s associations, Chief Finance officers, Academia

Event Booking

Kindly note that booking is available either online at www.icpak.com/events.  Delegates are advised to book early for planning purposes.

Charges

Charges for this forum are as provided below:

Continuous Professional Development (CPD) Units

Members of ICPAK will earn 14 CPD points upon successful attendance. Inquiries may be directed to us via brenda.imali@icpak.com memberservices@icpak.com.