Income Tax and Indirect Taxes Seminar (Mandatory Training)

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

Income Tax and Indirect Taxes Seminar (Mandatory Training)
DATE: 6th – 7th May 2025
TIME: 9:00 AM – 3:30 PM
MODE OF DELIVERY: VIRTUAL
(This is one of the mandatory trainings for practicing certificate consideration)

Overview

The Income Tax & Indirect Taxes Seminar will provide an in-depth exploration of recent developments in the tax landscape, focusing on both income and indirect taxes. Participants will gain critical insights into the changing tax environment and its implications for compliance and corporate strategies. The seminar will address vital areas of tax planning for individuals and corporates, helping stakeholders navigate challenges and seize opportunities to minimize tax liabilities legally.

One key focus will be the recent changes in income tax legislation, specifically updates to the Income Tax Act. This session will explore the implications of these amendments for businesses and individuals, emphasizing compliance strategies and the integration of these changes into corporate tax structures. A significant discussion will be on tax planning for individuals and corporates, with a detailed examination of the best practices for leveraging tax incentives, deductions and reliefs to optimize tax positions.

The seminar will also dig into the complex topic of transfer pricing, focusing on the impact of these regulations on multinational corporations and how businesses can align their policies with international guidelines such as the BEPS (Base Erosion and Profit Shifting) framework. Participants will receive practical guidance on managing transfer pricing risks and ensuring compliance with global standards.

In addition to income tax, the seminar will cover key issues in indirect taxes, starting with the evolving landscape of Value Added Tax (VAT). The session will address the latest updates in VAT regulations, compliance and opportunities for businesses to manage VAT refunds and audits effectively. Further discussions will cover the administration of excise taxes, particularly in light of emerging trends in digital goods and services, as well as the broader impact of excise duties on business profitability.

Digital service tax (DST) and the taxation of e-commerce transactions will be explored. The seminar will also include a comprehensive overview of customs duties, import/export taxes and their impact on businesses, providing actionable advice for companies seeking to optimize trade processes and minimize risks associated with customs tariffs.

This seminar will equip participants with the knowledge and tools to navigate the complexities of income and indirect taxes while ensuring compliance and identifying tax planning opportunities.

Key discussion areas:

1. Understanding Recent Changes in Income Tax Legislation

• Overview of recent amendments in the Income Tax Act.
• Implications for compliance and corporate strategies.

2. Tax Planning for Individuals and Corporates

• Best practices for minimizing tax liability within legal frameworks.
• The role of tax incentives and reliefs.

3. Transfer Pricing Regulations and Compliance

• Impact of transfer pricing on multinational corporations.
• Aligning transfer pricing policies with BEPS (Base Erosion and Profit Shifting) guidelines.

4. VAT Challenges and Opportunities

• Latest updates in VAT regulations and thresholds.
• Managing VAT refunds, audits and compliance.

5. Excise Tax Administration and Trends

• Emerging areas of excise taxation, such as digital goods and services.
• The impact of excise duties on business profitability.

6. Digital Service Tax (DST) and E-commerce Taxation

• Navigating the complexities of taxing digital services and e-commerce transactions.
• Practical approaches to ensure compliance in the digital economy.

7. Customs and Trade: Managing Import/Export Taxes Effectively

• Navigating the complexities of customs duties and trade tariffs.

Target Audience

This virtual symposium will be useful to all professional Accountants and other professionals interested in taxation.   

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 virtual symposium.

Financial Commitment

The symposium 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 the workshop is mandatory on https://www.icpak.com/event-registration/Online Booking

We call on interested participants to note that booking for the event is available online at www.icpak.com  and will close two hours before the training session.

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, +254 719 074 100,/0719 074 221  or via email to Fredrick Otwori  at fredrick.otwori@icpak.com with a copy to marketing@icpak.com.

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