INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under Cap 531 of the Accountant Act, Laws of Kenya)
Emerging Tax Issues and Compliance Seminar
Venue: White Rhino Hotel, Nyeri
Date: 21st – 22nd July 2022
OVERVIEW:
Tax compliance is critical to public service delivery. Tax revenue is the most reliable sources of revenue in financing government business. This narrative has been amplified with the tough time brought about by the COVID -19 pandemic. Over the COVID -19 period, most governments have faced the reality that tax revenue plays a major role in financing development. This reality has pushed many governments towards putting in place enhanced measures to ensure and promote tax compliance.
The business environment rapidly changes with corresponding changes in tax policies. For taxpayers, the various measures that have been put in place and increased vigilance from the revenue authorities have heightened the need for tax compliance to fuel business continuity. This has pushed many organizations to establish tax functions as one of the core functions since tax non-compliance has proofed a costly affair for many companies. Among the challenges associated with non-compliance includes unending tax disputes which have led to liquidation, unnecessary agency notices, huge tax demands and limited access to business opportunities especially where a tax compliance certificate is needed to close a business opportunity.
This seminar is geared towards highlighting key tax developments that have been put in place to promote tax compliance while taking into consideration the tax developments in the international space and the corresponding emerging issues on taxation. Specifically, the seminar will cover the following areas of tax as relates to tax compliance as well issues that are considered emerging in tax practice:
- Summary of Key Tax procedures Act requirements and tax amendments in 2021
- The role of tax incentives and tax compliance – brief look at the Kenya tax incentive regime
- Taxation of the digital economy – the international developments and the local legislation
- Tax dispute resolution mechanisms- the efficacy alternative dispute resolution in enhancing tax compliance
- Tax Amnesty and Voluntary tax disclosure and Role of Tax Incentives and Tax Compliance
- Tax Compliance, planning and management of Risk
Continuous Professional Development Units (CPD Units):
Members of ICPAK and reciprocating professional bodies will be awarded 14 CPD Units upon successfully attending each of the sessions.
Cost:
Charges for the training will be Kes 10,000/= which will cover workshop fees, materials, and e-certificates of attendance.
Online Booking:
We call on Conference participants to note that booking is available only online at www.icpak.com/events and will close two hours before the training session. Delegates are reminded to note that online booking for training sessions 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.
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)
