THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountant Act, Laws of Kenya)
Annual Branch Tax Workshop– Nyanza Branch
Date: 4th – 6th December 2018
Venue: Acacia Premier – Kisumu
Time: 9am to 4pm
Preview
The signing into law of the Finance Act 2018 has resulted in numerous changes in Kenya’s tax regime. These include the implementation of VAT on petroleum products at 8%, an unprecedented revenue raising move by the National Treasury. Excise Duty has also been revised upwards on services such as money transfer by banks and financial services institutions while 20% tax has been imposed on winnings from gaming, betting and prize competitions. The Act further introduces the National Housing Development Fund levy which is an employee and employer housing levy/contribution of 1.5 per cent up to a maximum of Ksh. 5,000 per month.
These, among other changes, have been received with outcry from the public with many predicting a significant rise in cost of living and decrease in disposable income.
These developments have advised the organization of this workshop to prepare professionals to expertly handle the new tax regime. Topics to be covered include:
- Recent Changes and Advancements in iTax
- Recent updates on Tax Case Law
- Amendments to Other Legislation – Accountancy Act, Central Bank of Kenya Act, Banking Act, Retirement Benefits Act and other affected legislation
- Implication of the Finance Act, 2018 to the economy and Tax compliance in the Current Economic Outlook
- Indirect Tax amendments through the Finance Act 2018
- Direct Tax amendments Through the Finance Act 2018
- Amendments to the Tax Procedures Act and Tax Appeals Tribunal Act
2.0 Continuous Professional Development Units (CPD Units)
Members of ICPAK and reciprocating professional bodies will be awarded 20 CPD Units upon successfully attending all workshop sessions
3.0 Target Audience:
Audit and tax practitioners, Personnel handling tax issues in organizations, Representatives from KRA, Tax payer’s association, Chief Finance officers, Academia
4.0 Financial Commitment
The charges for the three-day Workshop are as follows:
| Category | Workshop fees |
| Associate Members | Kshs. 15950 |
| Members | Kshs. 19,950 |
| Non-Members | Kshs. 24,950 |
5.0 Workshop Travel and Accommodation Information (VERY IMPORTANT)
International and local delegates who will attend the event are advised to make their own preferred travel and accommodation arrangements to the event in advance- this is at delegates own cost
Delegates from other nationalities who want to attend are requested to check with their Kenyan Embassy/ High Commission for their travel requirements. We will assist with letters of invitation or any other confirmations that may be needed to facilitate issuance of VISAs
6.0 Special Needs
If you have special dietary or religious requirements, or should you need any particular assistance kindly refer to the event coordinator on emma.opiyo@icpak.com
7.0 Dress Code
The workshop dress code is Business Formal or Business Professional
8.0 Online Booking
We call on workshop participants to note that booking is available only online at www.icpak.com/events and will close on the 03rd December 2018 at 1700 hrs. Delegates are reminded to note that online booking for events is mandatory. This is available either online at www.icpak.com/events or on the ICPAK Live – A smart phone based application that is available from google store.
9.0 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).
10 Sponsorships, 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 sponsorships, exhibitions, advertising and sub-event sponsorship within the major event
The workshop intends to attract over 40 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 channelled to us via telephone calls on +254 733 856 262/ 727 531006 or via email to memberservices@icpak.com or emma.opiyo@icpak.com . We encourage members to regularly visit our website www.icpak.com for updates.
