THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
SEMINAR ON INDIRECT TAXES & EMERGING ISSUES IN TAX
DATE: 16TH May 2017
VENUE: Hilton Hotel, Nairobi
TIME: 8am to 5pm
The theme of this workshop is “Indirect Taxes and their impact on your business processes”. The Seminar is designed to demonstrate the technical aspects of the selected newly introduced tax legislation on indirect taxes and their practical impacts on your business to enable participants gain a deeper understanding and appreciate the impact of these changes.
Overview of the Training
The purpose of this seminar is for participants to understand and acquire skills necessary for application of indirect taxes on their day-to-day business transactions and enable them become compliance with the relevant tax legislation. The seminar will also provide illustrative examples to enable participants to use their knowledge and experience to discuss applications and possible challenges in implementation of new requirements.
For your businesses to prosper, it is the responsibility of the management to build then on a strong foundation and grow it in a sustainable way. Managing your tax obligations responsibly and proactively can make a critical difference in the sustainability of the business.
Indirect taxes, comprising of VAT, customs and excise duties, and environmental levies affect the supply chain and the financial system. These invisible taxes pose unique challenges to national tax functions can have significant impacts — on cash flow, absolute costs and risk exposures. As such indirect taxes must be managed accurately and in real time.
Participants at the seminar will be equipped with the relevant skill sets that enable them understand the indirect tax consequences of their day-to-day business transactions and supplies identify risk areas and come up with sustainable tax planning opportunities for indirect taxes, throughout a tax life-cycle. The seminar will provide your finance team with the effective processes to help improve your day-to-day reporting for indirect tax, reducing attribution errors, reducing costs and ensuring indirect taxes are handled correctly.
The seminar focus on customs and international trade will equip with the knowledge necessary to help you manage customs declarations, audit and review product classifications and evaluate import/export documentation.
The seminar will also give a highlight on some of the tax audit issues that arise in dispute with the Kenya Revenue Authority (KRA) and possible ways in which may help in resolve classification or other disputes and issues with the authorities.
There have also been numerous changes in tax laws, and indirect taxes have not been left behind, with the introduction of Acts of Parliament with significant impact on the indirect taxes arena. This seminar will therefore focus on tax legislation governing indirect taxes, including inter alia:
- The EAC Common External Tariff, 2012
- The VAT Act, 2013
- Tax Procedures Act 2015
- The Excise Duty Act, 2015
- The Miscellaneous Fees and Levies Act, 2016
- The VAT Regulations, 2017
The Institute has set up this one-day seminar to provide insights in the changes to tax legislation and offer practical guidelines to implementing the selected laws covered in this module.
At the end of the seminar, participants are expected or should be able to:
- Understand the amendments and new developments brought by the new Indirect tax laws;
- Appreciate the impact on the indirect taxes on the accounting reporting systems and the day-to-day business transactions and supplies;
- Appreciate some of potential means of tax planning to minimize tax reporting errors; and
- Manage any tax audits that may arise
Why the seminar is beneficial to you?
Most of the above laws are applicable to every aspect of supplies and transactions that businesses engage in on a daily basis. As a participant, you will be able to apply these changes in your reporting and also positively engage with other departments of the business on how these changes impacts on their business decisions.
The participants will also be able to proactively engage with the revenue authority during audits and manage any issues that may arise from such audits.
This seminar will give you a practical opportunity to apply the new changes and to be ready for the changes by proactively changing business processes, if need be, so that all is aligned with the tax requirements.
1.0 Target Audience:
Tax Agents, Employees, consultants, monitors, compliance officers, finance and non-finance staff involved with tax matters, Tax practitioners in private and public sectors, Tax Accountants, Officers of KRA, National Taxpayers Association etc.
2.0 Online Booking
Kindly note that booking for the Seminar on Indirect Taxes, & Emerging Issues in Tax 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. Delegates are urged to note that the bookings close on 15th May 2017 at 1700 hrs
3.0 Seminar on Indirect Taxes, & Emerging Issues in Tax Charges:
The Charges for Seminar on Indirect Taxes, & Emerging Issues in Tax which cover workshop materials, meals, and e-certificates of attendance is as provided under;
|Category||Early Bird Registration
Booked & Paid for before 5h May 2017
Booking & Payments or LPOs / LSOs received after 5th May 2017
|International Delegates||USD. 250||USD. 300|
4.0 Continuous Professional Development Units – 7
Members of ICPAK and other reciprocating professional bodies will earn 7 CPD points upon successfully attending Seminar on Indirect Taxes, & Emerging Issues in Tax
5.0 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).
6.0 Sponsorship Opportunities & additional information
Seminar on Indirect Taxes, & Emerging Issues in Tax over 100 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 email@example.com
Further requests for the Seminar on Indirect Taxes, & Emerging Issues in Tax can be channelled to us via telephone calls on +254 733 856 262/ 727 531006 or via email to firstname.lastname@example.org . We encourage you to regularly visit our website www.icpak.com for more updates