THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(established under the Accountant Act, Laws of Kenya)
Budget Review and Emerging Tax Issues Workshop
DATE: 27th – 28th June 2019
VENUE: Sunshine Hotel, Kericho
The budget review seminar is an annual forum convened by the Institute of Certified Public Accountants of Kenya with the goal of assessing the national budget adopted by government. The review focuses on government’s expenditure priorities, revenue forecasts and their implications on tax and economic growth among other related issues. The 2019/2020 budget is pivotal as it will influence the success or failure of the administration in achieving its agenda.
The budget estimates projects government expenditure at 2.76 trillion, a notable decrease from the previous fiscal year’s budgeted expenditure. It ambitiously forecasts total revenue for 2019/2020 including Appropriations in Aid at Ksh 2.08 trillion up from Ksh 1.83 trillion projected in financial year 2018/19. This is likely to translate to tighter measures by tax authorities in pursuit of meeting this revenue target as well as increased domestic and external borrowing.
The Kenyan economy recorded an actual economic growth rate of 6.3 per cent in 2018 with the projected growth for 2019/2020 fiscal year being 6.4%. The government will seek to meet this projection by supporting critical sectors such as agriculture. Other major beneficiaries of the budget include the education and national security sectors. Of key interest in reviewing this year’s resource allocation are the pillars of the Big Four Agenda as they demarcate the government’s quantified priorities.
The forum will be structured to cover the following areas:
- Macroeconomic Outlook FY 2019-2020
- Budget Implementation Gaps – The journey towards fiscal prudence (A critical look at specific county Controller and Auditor General reports)
- Tax implications of the Fiscal Budget FY 2019/2020
- Role of Tax Appeals Tribunal (TAT) in tax policy and administration in Kenya
- Expenditure priorities FY 2019-20: Are we on track with the Big Four Agenda?
- Division of revenue between national and county governments
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
Continuous Professional Development Units (CPD Units)
Members of ICPAK will be awarded 14 CPD Units upon successfully attending the seminar
Below are workshop charges
|Associate Members||Kshs. 8,000|
Charges for Annual Budget Review Seminar which cover workshop fees, materials, meals, meals and e-certificates of attendance
Further requests can be channeled to us via telephone +254 719 074 000/215 email: firstname.lastname@example.org; with a copy to: email@example.com.
We encourage members to regularly visit our website www.icpak.com for updates.