Income Tax Workshop

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA

(Established under the Accountant Act, Laws of Kenya)

Income Tax Workshop

Date: 11^th – 12^th April 2019

Venue: Sarova Stanley Hotel

Time: 8am to 5pm

Introduction

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
• Excess pension contributions
• Case studies
• Recent changes and emerging issues

2. Capital gains tax

• Capital Gains Tax
• Recent changes and emerging issues

3. Transfer Pricing

• Transfer pricing – key highlights
• Transfer pricing methods
• Recent cases in Kenya
• Cases studies
• Recent changes and emerging issues

4. Taxation of individuals

• Taxation of employment income
• Non-Taxable benefits
• Allowable deductions
• Tax reliefs
• Taxation of other employment income
• Objections and appeals
• Tax Planning
• Taxation of expatriates
• Common PAYE issues
• Taxation of terminal dues
• Case studies
• Recent changes and emerging issues

5. Withholding tax

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

I Tax Enhancements

• Income Tax Returns – IT1, IT2C and IT2P
• Presumptive Tax
• Twinning of CGT and Stamp Duty.
• WHT

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

Target Audience:

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

Charges (VAT Inclusive).

Charges cover workshop fees, materials, meals and e-certificates

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 wish 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 philemon.munabo@icpak.com

Dress Code

The workshop dress code is Business Formal or Business Professional

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 5^th April 2019 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 100 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/ 719 074310 or via email to memberservices@icpak.com or philemon.munabo@icpak.com . We encourage members to regularly visit our website www.icpak.com for updates.