THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
PREMIER TAX AND PUBLIC FINANCE MANAGEMENT CONFERENCE
THEME: “Principles of Taxation and Efficient Management of Public Resources in Uncertain Times”.
Date: 7th -9th October 2020
Venue: Sarova Whitesands Beach Resort & Spa, Mombasa
OVERVIEW
The changing tax and public sector financial management environment requires constant re-evaluation to enable one’s understanding of the dynamic public sector. This critical sector in the economy of the country brings about many considerations which affect the tax regime while at the same time dictating key requirements which must be taken into consideration in the management of public resources.
The Public Finance Management (PFM) Act 2012 and the PFM Guidelines 2016 provide a blueprint of how public finance resources must be accounted for in order to achieve accountability and transparency in their utilization. This consideration has a close link to the Finance Act 2020 which also provides the legal authority and power for the government to collect taxes and deploy the tax resources in the development and growth of the Kenyan economy.
Despite the existing legal frameworks which provide guidance on the utilization and accountability requirements in the public sector, a myriad of challenges still exist in realizing effective and accountable utilization of the public resources. This situation has been complicated further by the COVID-19 pandemic which has disrupted the existing frameworks and regulations which were already in place to guide efficient utilization of public finances.
The recent impasse in the Senate on the Third Basis for Equitable sharing of Revenue among County Governments equally exposed the soft underbelly that informs the complexity of managing and distributing public resources and finances. Despite the stand-off getting resolved after several weeks of hardline positions by opposing sides of the Senate, a lot remains to be seen in how efficiently these resources will be used in the respective Counties to which these have been allocated.
Additionally, the ever-disturbing subject of corruption and fraud in the public sector remains a talking point to inform the necessary interventions which must be put in place to ensure that public resources are safeguarded to benefit the public.
It is against this background that the Institute has organized a three-day Conference to discuss these critical matters which affect the country and seek to address the underlying endemic concerns on public resources utilisation. To guide the discussion during the Conference, the following topics of discussion will form the focus of this very important Conference.
1) Taxation and the BIG – 4 Agenda – How can this be financed? can the resources support the vision?
2) A reflection on the provisions of the Finance Act 2020 and impact on economic development
3) Minimum tax and its impact on low margin high volume /turnover – Is this the optimal solution to ensuring equity in taxation?
4) Impact of digital service tax on positioning Kenya as a e- commerce hub – what is the way forward?
5) The Third Basis of County Revenue Sharing Formula – why the BIG fight? – How should the resources be allocated to avoiding crowding out
6) The PFM Act 2012 and glaring loopholes – is it time to re-consider the provisions of this statute?
7) COVID-19 and the opportunity to plunder public resources; what motivates the greed?
8) Redefining County Taxation and impact on Suppliers to County Governments
9) Taxation of the Digital Economy and widening of Kenya’s Tax Base- is this feasible?
10) Own source revenue generation – what avenues that counties need to explore to minimize over reliance on central government allocations?
11) Continued fiscal deficits – a roadblock to development – where is the problem?
12) Increased cases of corruption and the forgone development – where are the resources?
13) Tax amendments Act 2020- COVID-19 tax measures – what is the impact on economic development
TARGET AUDIENCE:
Private and Public Sector Accountants, Chief Finance Officers, Finance Directors and Managers, Tax Experts, Transaction Advisors, Engagement Partners and Key Audit staff, Banking, Extractive and SMEs sector accountants, Auditors, Practitioners, Tax Practitioners, Professionals working in County Governments and private sectors, Academia, employees of the NPO Sector.
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 20 CPD Units upon successfully completion of the Webinar.
Financial Investment:
| Category | Charges per Delegate |
| Associate Members | Ksh. 45,000 |
| Members/ACCA Members | Ksh.55,000 |
| Non-Members | Ksh. 60,000 |
**the cost caters for training fee| training materials, certificate and meals during the conference
Note: Delegates are required to make their own travel and accommodation arrangements.
ONLINE BOOKING:
Registration: Delegates are reminded to note that online booking for the conference is mandatory on https://www.icpak.com/event-registration/
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)
SPONSORSHIP OPPORTUNITIES & ADDITIONAL INFORMATION
The Annual Premier Tax & PFM Conference attracts over 200 participants drawn from both the public and private sectors presenting a rare chance for exhibitors and sponsors. Those interested in sponsoring this event can reach us through raphael.nguli@icpak.com . Other requests for information can be channelled to us via telephone on +254 733 856 262/ 727531006/ 733856262/ 721469169 or via email to memberservices@icpak.com.
We encourage you to regularly visit our website www.icpak.com for updates on the Conference.
Welcome
