Income Tax Workshop

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA

(established under the Accountant Act, Laws of Kenya)

Income Tax Workshop

Date: 12th–13th April 2018

Venue:  Laico Regency, Nairobi

TIME: 9am to 4pm

Income tax in Kenya is governed by ‘Income Tax Act (Cap. 470)’ of the Laws of Kenya. All changes to this Act are usually made through the Finance Act. The Income Tax Act stipulates the rules that govern taxation of all persons in Kenya. All businessmen, tax practitioners and accountants/finance staff involved in tax matters are expected to be familiar with this Act.

ICPAK has organized this workshop to provide an overview on the requirements of the Income Tax Act and emerging issues.

At the end of the workshop, the attendees are expected to have an understanding of the following areas:

1. Corporation tax

• Taxation of corporate entities
• Allowable and disallowable expenses
• Transfer pricing – key highlights
• Thin capitalization and deemed interest
• Capital Gains Tax
• Excess pension contributions
• Recent changes and emerging issues

2. Taxation of individuals

• Taxable benefits e.g. car, housing etc
• Per Diem
• Taxation of expatriates
• Common PAYE issues
• Taxation of terminal dues
• Recent changes and emerging issues

3. Withholding tax

• Withholding tax on interest
• Withholding tax on dividends
• Withholding tax on professional and management fees: Residents and non-residents
• Withholding tax on deemed interest
• Double taxation agreements
• Withholding tax rental income
• Recent changes and emerging issues

1.0 About the Workshop

This is an ICPAK’s Income Tax Workshop

2.0 About Nairobi-The Events Venue. (City Information for International Delegates)

Nairobi is considered one of the most prominent cities in Africa, housing many multinational companies and organizations. It is a financial hub. It has very unique tourist attractions that you may want to enjoy after your training: These include: The Nairobi National Park, Animal Orphanage, Bomas of Kenya, Karen Blixen Museum, The Uhuru Park, Nairobi Railway Museum, Jamia Mosque, Uhuru Gardens, Snake Park Nairobi, Jeevanjee Gardens, Oloolua Nature Trail, Ngong Forest, The Judiciary Museum, The Giraffe Center, Paradise Lost, Karura Forest, Africa’s Largest Slum – Kibera and the Maasai Market.

3.0 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

4.0 Target Audience:

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

5.0 Financial Commitment

The workshop charges for The Income Tax Workshop as follows:

Charges for the Income Tax Workshop which cover workshop fees, materials, meals, meals and e-certificates of attendance

6.0 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

7.0 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

8.0 Dress Code

• The workshop dress code is Business Formal or Business Professional

9.0 Online Booking

We call on workshop participants to note that booking for the Income Tax Workshop is available only online at www.icpak.com/events and will close on the 11th April 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.

10.0 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).

11.0 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 110 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.