The Tax Seminar- Sirikwa Hotel, Eldoret

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February 21 @ 8:00 am - February 22 @ 2:00 pm

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THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA

(Established under the Accountant Act, Laws of Kenya)

 Tax Seminar

Date: 21st – 22nd February, 2019

Venue: Sirikwa Hotel, Eldoret, North Rift

Brief

An appraisal of Kenya’s public finances reveals significant disparity between the revenue and expenditure of the government, resulting in growing deficits. In 2018, the Finance Act was signed into law with clauses seeking to enlarge the tax bracket with the goal of reducing deficits and making revenue collection efficient.

The Finance Act 2018 resulted in major changes including the replacement of turnover tax with presumptive tax which stands to impact small and medium size traders in the country.  It also introduced VAT on petroleum products at a concessionary rate of 8%, an unprecedented revenue raising move by the National Treasury. Excise Duty has also been revised upwards on services such as money transfer by banks and financial services institutions. The Act further introduces the National Housing Development Fund levy which is an employee and employer housing levy/contribution of 1.5 per cent up to a maximum of Ksh. 5,000 per month.

These, among other changes, have received mixed reactions from the public with some perceiving them as a precursor to a rise in cost of living. These developments have advised the organization of this workshop to prepare professionals to expertly handle the new tax regime. Topics to be covered include:

  • Unbundling the National Housing Development Fund levy
  • Tax assessments and dispute resolution in the Current Tax Systems and highlights from Tax Appeals Tribunal Act
  • Tax payers rights and obligations under the Tax Procedures Act
  • Recent updates on Tax Case Law
  • Amendments to Select Legislation – Accountants Act, Central Bank of Kenya Act, Banking Act, Retirement Benefits Act and other affected legislation
  • Implication of the Finance Act, 2018 to the economy and Tax compliance in the Current Economic Outlook – are the tax changes championing economic growth?

 Target Audience

Audit  and  tax  practitioners,  Personnel  handling  tax issues  in  organizations,  Representatives  from  KRA,  Tax Payer’s associations, Chief Finance officers, Academia

Event Booking

Kindly note that booking 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 advised to book early for planning purposes.

Charges

Charges for this forum are as provided below:

 Category Charges (Ksh)
Associate Members 8,000
Members 10,000
Non Members 12,000

 

Continuous Professional Development (CPD) Units

Members of ICPAK will earn 14 CPD points upon successful attendance. Enquiries may be directed to us via memberservices@icpak.com.  

Details

Start:
February 21 @ 8:00 am
End:
February 22 @ 2:00 pm
Event Categories:
,

Organizer

ICPAK
Website:
icpak.com

Other

CPD Hours
14
Associates Member Cost
Ksh 8,000
Full Member Cost
Ksh 10,000
Non Member Cost
Ksh 12,000
Event Type
Seminar
Status
Open

Venue

Sirikwa Hotel,
Eldoret,
+ Google Map
Phone:
+254 727 531006
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About ICPAK

ICPAK is an Institution
mandated to protect and uphold public interest
as well as develop and regulate the accountancy profession in Kenya.

Member Of:

Contact Information:

P.O BOX 59963-00200,
CPA Center, Ruaraka, Thika road.
Nairobi, Kenya.

Telephone Line (Main) : +254 719 074 000

Mobile: +254 719 074 000, +254 (0) 727 531006 / 733 856262 / 721 469796/ 721469169

Email: icpak@icpak.com

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