THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Tax Principles Workshop
Theme: Enhancing tax compliance in a dynamic environment
Date: 16th February – 17th February 2022
Time: 9:00am – 3:30 pm
Venue: Virtual
(This is one of the mandatory trainings for Practicing Certificate consideration)
Overview
Taxes come in a variety of forms and are also known by different names, such as duties, levies, tariffs, and charges. The commonly documented principles or characteristics that guide tax policy include equity, adequacy, simplicity, and neutrality. Taxation affects incomes and prices of goods and services, with individuals and businesses reacting differently in response to changes in income, and in relative prices, emanating from taxation.
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.
Consequently, an understanding of the various tax policies is critical for accountants and practicing members to ensure compliance and guide in decision making. In Kenya we have various tax laws and requirements that require to be understood and complied with. It is against this background that the Institute has organized an upcoming virtual symposium to provide more insights on current tax principles. This workshop will help you gain more insights on tax principles in Kenya and highlight key tax developments.
Learning Objectives
This training will cover: –
• Summary of key Tax procedures Act requirements
• Tax planning, compliance and managing risk
• Current requirements on complying with Value Added Tax (VAT) in Kenya
• Update on Customs duty and Excise duty
• Tax obligation on Employment income
• Accounting for Deferred Income taxes
• Fundamentals of Corporate taxation
Continuous Professional Development Units (CPD Units):
Members of ICPAK and reciprocating professional bodies will be awarded 10 CPD Units upon successfully attending each of the sessions.
Target Audience:
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 Seminar participants to note that booking for 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)
