THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
Tax Management and financial reporting for Public Benefit Organization Seminar – North Rift Branch
Date: 6th to 7th July 2023
Time: 09.00am -3.30pm
Venue: Sirikwa Hotel, Eldoret.
OVERVIEW
Public Benefit Organizations (PBOs) complement government in provision of key services to the citizens. Despite devolution of governance and resources, most Kenyans still depend on the services offered by the PBOs. The PBOs on the other hand operate within strict legislation including taxation, which greatly affect the conduct of their operations.
While PBOs are exempted from income taxes, they are not exempted from other taxes such as value added tax, employment taxes for their employees and customs. These taxes affect the budgets of the organizations and in return the goals/objectives set may not be attained.
The above circumstances notwithstanding, NPOs are expected to be tax compliant. Not only to avoid incurring penalties and fines but also to preserve their corporate image. It is on the back of the above dynamics that the Institute of Certified Public Accountants of Kenya has organized a tax management workshop for PBOs with the following topics for discussion:
- Linkage between donor reporting and IFRS compliant financial statements; International Financial Reporting
- Emerging issues on taxation of PBOs
- Tax planning for PBOs
- Applicable tax exemptions and procedures for NPOs
- Tax incentives arising from the PBO act vs the pre-existing KRA incentives.
- Possible tax disputes and resolution for PBOs
- Overview of compliance requirements
- Sustainability of PBOs in light of declining donor funding. Fundraising/resource mobilization for NPOs.
TARGET AUDIENCE:
This workshop will be useful to all professional Accountants and those aspiring to join the profession.
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and those from reciprocating professional bodies will be awarded 14 Structured CPD Units upon successfully completion of the workshop.
FINANCIAL COMMITMENT:
The workshop charges are Kshs. 10,000. Charges will cater for the workshop fees, learning materials, and e-certificates of attendance.
ONLINE BOOKING:
Registration: Delegates are reminded to note that online booking for the workshop is mandatory on https://www.icpak.com/event-registration/Online Booking We call on workshop participants to note that booking is available only online at www.icpak.com and will close one day before the training session. Delegates are reminded to note that online booking for the training is mandatory.
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)
Further requests can be channeled to us via telephone calls on, +254 719 074 100, or via email to Ann Chomba at ann.chomba@icpak.com with a copy to memberservices@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.
