THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountant Act, Laws of Kenya)
NATIONAL BUDGET REVIEW SEMINAR
DATE: 31st March 2017
VENUE: Hilton Hotel, Nairobi
TIME: 8am to 1pm
Theme: “Creating jobs and delivering a better life for all Kenyans.”
1.0 About the event
The 2017/2018 budget is being prepared under a revised budget calendar, to facilitate for preparations for the General Election. The Budget Speech which is usually slated for June, presented together with the other East Africa Countries, will be read on 30th March 2017.
The budget estimates submitted to the National Assembly contain expenditure estimates amounting to KES 2.6 trillion. The increase in the annual budget will necessitate an increase in the revenue collection targets, projected to increase by KES 188.5 billion to a new target of KES 1.7 trillion. Noting that revenue generation relies primarily on effective revenue administration and sustained growth in National Income, it will be important to evaluate the revenue raising measures contained in the Finance Bill 2017, together with an evaluation of the factors supporting the projected 5.9% growth in GDP.
The 2017/2018 expenditure priorities are underpinned by the Transformative agenda. implemented through allocations to various government flagship projects. This is intended to consolidate economic gains through the following five key pillars; conducive business environment, infrastructural spending, employment creation, social welfare for Kenya and the devolution agenda.
However, it is important to note that the Kenyan economy has previously experienced recessionary pressure during an election year. Kenyans will be keen to see what measures the government has put in place to safeguard against any anticipated economic shocks.
In light of this, ICPAK has organized the Annual Budget Review Seminar to address pertinent issues relating to the 2017/18 budget around the following topics;
- Macro-Economic Context for the FY 2017/2018
- Expenditure Priorities in an Election year 2017/2018
- Adequacy & Sustainability of our revenue raising mechanism for 2017/18
- Panel Discussion- Issues in the FY 2017/18 Budget
Come join us and listen to business leaders, tax advisers and economists on how the budget measures will impact you and your business. Get involved in our lively panel discussion and tax advisers from tax advisory teams. Take this opportunity to get your questions on the budget answered during the Q&A session.
1.0 Target Audience:
Audit and tax practitioners, Personnel handling tax issues in organizations, Representatives from KRA, Tax payer’s association, Chief Finance officers, Academia
2.0 Online Booking
Kindly note that booking for the National Budget Review Seminar 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. Delegates are urged to note that the bookings close on 30th March 2017 at 1700 hrs
3.0 National Budget Review Seminar Charges:
The Charges for National Budget Review Seminar which cover seminar materials, meals, and e-certificates of attendance is as provided under;
| Category | Early Bird Registration
Booked & Paid for before 23 rd March 2017 |
Normal Registration
Booking & Payments or LPOs / LSOs received after 23rd March 2017 |
| Associate Members | 6,350 | 7,950 |
| Members | 7,950 | 8,950 |
| Non Members | 13,950 | 14,950 |
| International Delegates | USDs 150 | USDs 200 |
4.0 Continuous Professional Development Units – 5
Members of ICPAK and other reciprocating professional bodies will earn 5CPD points upon successfully attending the National Budget Review Seminar
5.0 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).
6.0 Sponsorship Opportunities & additional information
National Budget Review Seminar attracts over 300 participants drawn from both the public and private sectors presenting a rare chance for exhibitors and sponsors. Those interested in sponsoring this event can reach us through raphael.nguli@icpak.com
Further requests for The National Budget Review Seminar can be channeled to us via telephone calls on +254 733 856 262/ 727 531006 or via email to emma.opiyo@icpak.com . We encourage you to regularly visit our website www.icpak.com for more updates
