TAXATION MASTER CLASS (Mandatory Training)

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)

TAXATION MASTER CLASS 2ND EDITION (Mandatory Training)
Date: 6^th -10^th June  2022
Venue: Sarova Whitesands Beach Resort & Spa, Mombasa
Time: 09.00am-03.30pm
(This is one of the mandatory trainings for Practicing Certificate consideration)

Overview

Tax revenues are closely related to economic activity, rising during periods of faster economic growth and declining during recessions. Just as economies were reorganizing their policies towards an inclusive economic development following the ravages of the COVID-19 pandemic, the current geopolitical conflict between Russia and Ukraine triggered another recession. It is argued that economic damage from the conflict will contribute to a significant slowdown in global growth in 2022 and add to inflation. Indeed, the global economy is projected to slow down to 3.6% and that of the Sub-Saharan Africa to 3.8%. This is expected to further limit the fiscal space for low-income and lower-middle income countries, including Kenya. The uncertainties surrounding the up-coming General elections in Kenya, further exacerbate the vulnerability of the country’s tax revenue growth projections and consequently that of the entire economy. The impact of these challenges is atrocious both directly or indirectly to government revenues, private sector growth and service delivery to citizens.

Beyond the immediate challenges of the war, heated politics and the pandemic, policymakers should not lose sight of longer-term goals. Governments should look to harness positive structural changes wherever possible, embracing the digital transformation and retooling and reskilling workers to meet its challenges. In addition, during such epochs, Kenya should employ fiscal policies in a careful manner, ensuring that essential expenditures are prioritized amidst the process of fiscal consolidation. One way of doing this is through observance of the tenets of taxation. Taxation, therefore, plays a pivotal role in supporting business recoveries, the vulnerable and determining the country’s growth and development trajectories.

During adversity, it is paramount for businesses to carry out a detailed assessment of the tax implications, the additional tax obligations that may need to be paid, and the compliance processes in place to address the changes. It is also essential to pay attention to the sensitivity of business models and tax compliance measures to various disruptive scenarios.

It is against this backdrop that the Taxation Masterclass, 2^nd Edition is premised.

COURSE OBJECTIVES

Participants will be able to benefit from the following upon successfully completing the Masterclass:

1. Gain basic and thorough understanding of tax concepts, laws, and procedures in Kenya
2. Acquire practical know-how and develop critical tax practice skills necessary for engagement
3. Participate in interactive group discussions and case studies related to tax practice in Kenya
4. Network with experts in tax and other participants

KEY TOPICS

The following topics on taxation will be explored at the Masterclass:

1. Finance Bill/Act 2022: Overview of the amendments on Tax Laws and Implications
2. International Taxation: Transfer Pricing, BEPs and Double Taxation Agreements.
3. Africa Continental Free Trade Area Agreements: Opportunities and Challenges.
4. Tax Policy in Kenya: Why? Background and current status, what to expect.
5. Emerging Taxation Issues and Digital Economy
6. Tax Considerations for different sectors
7. Tax Returns Filing: Practical sessions for different sectors and challenges resolution.
8. Tax Dispute Resolutions: Tax Appeals Tribunal, Management of KRA audit queries and packaging of documents for KRA cases.

This training is one of the mandatory trainings for Practicing Certificate consideration. It is also open to all Tax Professionals, Audit Practitioners, Senior Management of Organizations, CEOs and Boards.

All members who would wish to practice in the future are also encouraged to enroll on the course as it provides practical skills required for effective performance of their roles in taxation and tax advisory services.

Financial Commitment:

Note: Delegates are required to make their own travel and accommodation arrangements. Masterclass charges cater for training fee, training materials, certificate and meals during the event.

Continuous Professional Development Units:

Members of ICPAK and other reciprocating professional bodies will earn 20 CPD points upon successfully attending the Master Class

Online Booking:

We call on Conference participants to note that booking is available only online at www.icpak.com/events.

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)

PARTNERSHIP OPPORTUNITIES
The conference presents a perfect opportunity for organizations to showcase their products & services to a target group with high purchasing powers, both on personal and corporate levels. You will also have a unique opportunity for brand positioning and communication that will enjoy optimal visibility. Armed with significant purchasing power and decision-making authority, the audience are a key target group for businesses. Sponsorship opportunities range from cocktail, gala, media sponsorships, exhibitions and advertising. For more information or inquiries please email raphael.nguli@icpak.com.

For further inquiries, kindly contact Andrew Kavoo at  andrew.kavoo@icpak.com with a copy to memberservices@icpak.com. Reach us on call: +254 719 074000/129

We encourage members to regularly visit our website www.icpak.com for updates.