THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
Tax Principles Workshop (Mandatory Training) – Recording
Date: 15th to 16th February 2023
Venue: Virtual
Time: 09.00am-03.30pm
(This is one of the mandatory trainings for Practicing Certificate consideration)
OVERVIEW
The commonly documented principles or characteristics that guide tax policy include equity, adequacy, simplicity, and neutrality. Governments need to develop tax policies and tax systems that are guided by these principles among other sound tenets. This is because 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.
Consequently, analysis of the effects of tax policy is critical for government decision makers and the public to make informed policy decisions. Collecting taxes is the prerequisite of public agencies globally. Tax systems generate revenue to cover the public expenditure priorities and tax policy itself can also promote or hamper equity, poverty alleviation, gender equality, health and environmental protection while influencing the quality of development overall.
Pandemic recovery in the medium term and resilience and sustainability in the longer term, including green growth depend on well-designed and implemented tax policies. Beyond resource mobilization, the focus on tax policy is also an investigation of the role tax systems can play across the three traditional objectives of policy: resource allocation (how to conceive tax systems to allocate resources), stabilization (how to respond to shocks); and redistribution (how to correct inequalities that need to be corrected).
Inequality is one of the global challenges of our times. This phenomenon is increasingly driven by the ability of people and companies to move their wealth and profits across national borders. Consequently, analysis of the effects of tax policy is critical for government decision makers and the public to make informed policy decisions
It is against this background that the Institute has organized an upcoming virtual symposium with researchers and policy makers to discuss recent research on making tax systems more equitable by providing more insights on applicable tax principles.
The following topical areas will be covered;
- Canons of taxation administration
- Principles of International Tax
- Taxes on multinationals and large corporations including BEPS pillar I and II
- Current requirements on complying with Value Added Tax (VAT) in Kenya
- General principles of tax planning and managing risk
- Update on Customs duty and Excise duty
- Updates on Fundamentals of corporate tax
- General principles of Double taxation
- Tax obligation on Employment income
- Tax dispute and Litigation process
- Accounting for Deferred Income taxes
- Digital Service Tax and BEPs Development
- Tax transparency, offshoring and tax havens
- Tax emerging issues
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 10 Structured CPD Units upon successfully completion of the Webinar.
FINANCIAL COMMITMENT:
The Webinar charges are Kshs. 10,000. Charges will cater for online video access fees, learning materials, and e-certificates of attendance
ONLINE BOOKING:
Registration: Delegates are reminded to note that online booking for webinar is mandatory on https://www.icpak.com/event-registration/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.
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)
Further requests can be channeled to us via telephone calls on +254 719 074 000, (+254) 733 856262 or via email to onlinelearning@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.