THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
TAX COMPLIANCE AND EMERGING ISSUES
Theme: Controversial issues emanating from the Budget FY 2020/21
Date: 7th August 2020 (Friday)
Time: 16:00 – 17:30 Hours
The Fiscal Year 2020-21 commences against a backdrop of internal and external economic shocks including COVID-19 pandemic and shrinking of both domestic and global economic. The Budget presented by the National Treasury outlined measures to put the economy back on track through a Post-covid19 recovery strategy as well as cushioning of households.
From a taxation perspective, the Budget and Finance Act 2020 build on measures introduced earlier in May 2020 through the Tax Laws Amendment Act. The new proposals include but not limited to changes on individual tax rates, new corporation tax rates, VAT on insurance and brokerage services, a revision of the Turnover tax regime, implementation of minimum tax and the digital service tax among others.
The big question could then be on the impact of the approved expenditure priorities and revenue proposals on economic stimulation considering the layoff and business closures. This is vital in terms generating sufficient revenue to implement government programmes including the ‘Big Four “Agenda and Post-Covid recovery strategy.
• Impact of expenditure priorities and tax revenue proposals on economic stimulation FY 2020/21.
• Specific emerging issues include compliance with new proposals such as
i. New turnover tax regime
ii. Implementation of Digital Service Tax
iii. VAT on brokerage and Insurance Services
iv. Potential impact of earlier amendments on personal income and corporation income to the household, firms and overall revenue generation for the economy
WHO SHOULD ATTEND?
Tax practitioners, public finance professionals, tax consultants, firms and other professionals at any level within the organizational or department. The training is designed to educate those in public finance and taxation spheres both in public and private sectors
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 1 CPD Unit upon successfully completion of the Webinar.
The Webinar charges are Kshs. 1,000.Charges will cater for online video access fees, learning materials, and e-certificates of attendance
Registration: Delegates are reminded to note that online booking for webinar 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)
Further requests can be channeled to us via telephone calls on +254 733 856/ 727 531006 or via email to firstname.lastname@example.org or send your email to email@example.com We encourage members to regularly visit our website https://www.icpak.com/event-registration/ for updates.