THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountant Act, Laws of Kenya)
ANNUAL BUDGET REVIEW SEMINAR
Date: 19th June 2018
Venue: Hilton Hotel, Nairobi
TIME: 8am to 2pm
Theme: Creating Jobs, Transforming Lives- the “BIG FOUR” Plan
In the wake of the 2017 general elections and the repeat thereafter, Kenyans have been eager for an economic rebound and recovery of the business and professional environment. The Economic Survey 2018 indicated that Kenya’s economy expanded by 4.9% in 2017 compared to a revised growth of 5.9 % in 2016. The slowdown in the performance of the economy was partly attributable to uncertainty associated with a prolonged electioneering period coupled with effects of adverse weather conditions. During the period, the economy experienced a slowdown in credit uptake to the private sector despite the capping of interest rates.
The 2018/19 Budget Policy Statement (BPS) sets out the government strategic programs to be implemented over the next five years (2018-2022). Themed “creating jobs, transforming lives -“the big four” plan” has identified four key strategic areas of focus: Supporting value addition and raising the manufacturing sector’s share of GDP to 15 percent by 2022; Enhancing food security; Providing universal health coverage; and Provision of affordable and decent housing for all Kenyans. Furthermore, the government plans to streamline collection of taxes with the aim of doubling income tax to Kes. 1.26 trillion and ensuring its stability.
Statistics from the both the National Treasury and the Controller of Budget portray significant increase in public expenditure amidst widening budget deficit. Of concern too is the ever-increasing public debt which shrinks the amounts available for development. In light of these facts, proactive management of tax obligations and compliance with legal requirements is imperative.
The National Treasury has proposed changes to the Income Tax Act through the Income Tax Bill, 2018 which will effectively overhaul the Income Tax Act which has been in existence since 1974. The changes are bound to broaden the Tax Income net, foster tax compliance, seal loopholes in tax management systems and promote inclusivity, equity and fairness.
Conscious of these developments, ICPAK has organized a half-day workshop to equip both professionals and entrepreneurs with the requisite knowledge and skills to tactfully navigate the system towards the strengthening of their firm’s bottom line. Topics to be covered include:
- Highlight of the current macroeconomic environment FY 2018-19
- Expenditure priorities FY 2018-19: The Big 4 Agenda
- Overview of the Income Tax Bill 2018
- Panel Discussion on the Tax implications of the Fiscal Budget FY 2018-19
2.0 Target Audience
Audit and tax practitioners, Personnel handling tax issues in organizations, Representatives from KRA, Tax payers’ association(s), Accountants, Finance Professionals, Auditors, Chief Finance officers, Academia
3.0 About Nairobi-The Events Venue. (City Information for International Delegates)
Nairobi is considered one of the most prominent cities in Africa, housing many multinational companies and organizations. It is a financial hub. It has very unique tourist attractions that you may want to enjoy after your training: These include: The Nairobi National Park, Animal Orphanage, Bomas of Kenya, Karen Blixen Museum, The Uhuru Park, Nairobi Railway Museum, Jamia Mosque, Uhuru Gardens, Snake Park Nairobi, Jeevanjee Gardens, Oloolua Nature Trail, Ngong Forest, The Judiciary Museum, The Giraffe Center, Paradise Lost, Karura Forest, Africa’s Largest Slum – Kibera and the Maasai Market.
4.0 Continuous Professional Development Units (CPD Units)
Members of ICPAK and reciprocating professional bodies will be awarded 5 CPD Units upon successfully attending all workshop sessions
5.0 Target Audience:
Auditors, tax practitioners, Personnel handling tax issues in organizations, representatives from KRA, Tax payers association, Finance officers, Scholars of tax matters, HODs, AIE holders, County officials involved in budget from finance cycles.
6.0 Financial Commitment
The workshop charges for Annual Budget Review Seminar as follows:
Booking & Payments or LPOs / LSOs received after 14th June 2018
|Associate Members||5500 Ksh|
|International Delegates||USDs 100|
Charges for Annual Budget Review Seminar which cover workshop fees, materials, meals, meals and e-certificates of attendance
7.0 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 want 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
8.0 Special Needs
If you have special dietary or religious requirements, or should you need any particular assistance kindly refer to the event coordinator on firstname.lastname@example.org
9.0 Dress Code
- The workshop dress code is Business Formal or Business Professional
10.0 Online Booking
We call on workshop participants to note that booking for the Annual Budget Review Seminar is available only online at www.icpak.com/events and will close on the 15th June 2018 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.
11.0 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).
12.0 Sponsorships, Partnership Opportunities & Additional Information
This seminar 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 Seminar intends to attract over 300 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 email@example.com
Further requests can be channelled to us via telephone calls on +254 733 856 262/ 727 531006 or via email to firstname.lastname@example.org or email@example.com . We encourage members to regularly visit our website www.icpak.com for updates.