THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)
Tax Principles Workshop
(This is one of the mandatory trainings for Practicing Certificate consideration)
Date: 17th – 18th February 2021
Time: 8.00am – 4.00pm
The commonly documented principles or characteristics that guide tax policy include equity, adequacy, simplicity and neutrality. Governments need to develop tax policies and tax systems that are guided by these principles among other sound tenets. This is because taxation affects incomes and prices of goods and services, with individuals and businesses reacting differently in response to changes in income, and in relative prices, emanating from taxation.
Consequently, analysis of the effects of tax policy is critical for government decision makers and the public to make informed policy decisions. It is against this background that the Institute has organized an upcoming virtual symposium to provide more insights on tax principles and what it takes to have an effective and sound tax system in place.
Introduction /Canons of taxation
- Canons of taxation explained
- Principles of a good tax system (administration)
- Application of the canons in the Kenyan Tax system
Principles of International Tax
- Taxation of cross-border transactions
- Destination principle
- Update on BEPS
Principles of good VAT system
- General principles of VAT
- Basis of charge
- Operation of VAT
- Taxable persons
- VAT rates
- VAT administration
- Objectives and function of tax
- Tax base
- Capital vs income distinction in tax law
- Sources of tax law
Principles of tax planning
- General principles of tax planning
- Principles of tax planning for business
- Principles of tax planning for individuals
- Tax planning vs tax avoidance
- Tax policy in organizations
Case law on tax principles
- Cases touching on basic principles of taxation
- Does Kenya have a National Tax policy – to what extent is it effective?
- Taxation vs economic development – the nexus between taxing rights and economic stimulation.
- Shift from taxing profit to taxing income in Kenya – Is this a departure from the canons of taxation?
- Taxing the digital world – Challenge of equity when taxing companies with cross border transactions
Tax partners & tax practitioners, Tax Accountants, Finance and non-finance officers involved in handling tax issues, KRA tax officers, representatives of KAM, FKE, KEPSA, KEBS, COFEK, National Tax Payers’ Association, scholars, economists, among others.
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and those from reciprocating professional bodies will be awarded 10 Structured CPD Units upon successful completion of all sessions.
The Webinar charges are Kshs. 10,000. 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/Online Booking
We call on Seminar participants to note that booking for 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.
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 074100 or via email to email@example.com
We encourage members to regularly visit our website https://www.icpak.com for updates.