THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
Overview of the Minimum Tax Regime in Kenya – Webinar
Theme: Making Tax Simpler – Analysis of the Changing Tax Regime
Date: Wednesday 3rd February 2021
Time: 4pm to 6pm
Tax-base expansion is a key strategy for enhancing revenue mobilisation. Globally as countries look inward for local growth options, the government has had to rethink its revenue base to expand it for sustainable domestic resource mobilisation.
In order to expand the tax-base in the country, the government, through the Finance Act 2020, has introduced a raft of new tax measures effective January 2021. Among the taxes lined up for implementation is the minimum tax.
The minimum tax will be payable by business entities that are carrying out business and have physical presence in Kenya. The tax will be payable at a rate of one per cent of the gross sales.
To help address the questions around the minimum tax considerations and the impact of the new measures on entities’ profitability in view of other external factors and the pandemic, the Institute has organized a Webinar to address this critical topic as the reporting cycle starts.
To guide the discussion during the Webinar, the following areas will form the focus of this very important virtual event.
- Overview of the Minimum Tax Regime in Kenya
- Enhancement of compliance by entities in different sectors
Continuous Professional Development Units (CPD Units):
Members of ICPAK and those from other reciprocating professional bodies will be awarded 2 CPD Units upon successfully attending the Webinar.
All Tax Payers, Tax Consultants and Advisors, Chief Finance Officers, Finance Directors and Managers, Private and Public Audit Practitioners, Public Sector Accountants, Transaction Advisors, Engagement Partners and Key Audit staff, Banking, Financial services sector Accountants, Internal Auditors, Tax Practitioners, Professionals working in Government and private sectors, Accountants in Academia.
Charges for the training will be Kes1,500/= which will cover Webinar fees and an e-certificate of attendance.
We call on Webinar participants to note that booking 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. 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)
We encourage members to regularly visit our website https://www.icpak.com for updates.