TAXATION MASTER CLASS 1ST EDITION (Mandatory Training)

THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountants Act, Laws of Kenya)

TAXATION MASTER CLASS 2022 1ST EDITION (Mandatory Training)
Date: 7TH -11TH MARCH 2022
Venue: Lake Naivasha Resort, NAIVASHA
Time: 09.00am-03.30pm
(This is one of the mandatory trainings for Practicing Certificate consideration)

Overview

Taxation is a critical element for economic growth and development. Taxpayers are obliged to pay their tax due, in full and on time, as this is the only way governments can generate the funding to provide the public services all citizens depend on, and in this sense, tax is part of the social contract of any civilized society. While the primary purpose of taxation is to raise revenue for the support of the government, taxation is also often employed as a devise for regulation by means of which certain effects or conditions envisioned by the government may be achieved.

Tax systems perform multiple roles: raising revenue, redistributing wealth, and regulating behaviour. Elected governments therefore have the right to use taxation in certain circumstances in pursuance of agreed social policies. The globalization of business means that each country should ensure its tax rates are competitive and its regime user-friendly since tax is a key factor in ensuring the overall attractiveness of a location to mobile capital.

Disruptions, in their various nature, inevitably have tax implications, some of which are immediately obvious and some of which are long term. During any disruption, it’s important to carry out a detailed assessment of the tax implications, the additional tax obligations that may need to be paid, and the compliance processes in place to address the changes. Understanding the sensitivity of your business model and tax compliance measures to various disruptive scenarios is essential to allow you to be on the front foot.

The Taxation Masterclass therefore seeks to explore the current tax regime and expose participants to important tenets of  tax laws and practice.

COURSE OBJECTIVES

Specifically, the participants will be able to benefit from the following upon successfully completing the Masterclass:

1. Gain a thorough understanding of tax laws, procedures and concepts in Kenya
2. Acquire practical know-how and develop critical tax practice skills necessary for engagements in Kenya and beyond
3. Recommend better tax practices that will enhance the efficiency of the iTax and other tax administrative systems to enhance their performance, reduce compliance costs for taxpayers, and increase integrity in the tax system
4. Participate in interactive group discussions and case studies related to tax practice in Kenya
5. Network with experts in tax and other participants

KEY TOPICS

The following topics on taxation will be explored at the Masterclass:

1. Overview of recent Legislative Changes on Tax Laws: Review of Income Tax, VAT, Excise and Tax Procedures Acts.
2. Practical Session on iTax Challenges and Procedures
3. Financial Reporting Standards and Tax Treatment in Kenya – Focus on IFRS 15 – 17
4. Trends in Taxation of Digital Economy
5. Review of Tax Issues Concerning Individuals, Companies, Partnerships and
6. Tax Planning for Organizational Resilience
7. International Taxation and Transfer Pricing Developments
8. Sectoral Tax Considerations: Not for Profit, Water, Energy, Telecommunication and Hospitality sectors.
9. Finance Bill 2022 – Imperatives and Implications to Businesses
10. Unparking Tax Returns, Assessments and Penalties
11. Undertaking Tax Health Checks in organizations – the Why, How and When
12. Tax Policy in Kenya: Priorities for Competitive Advantage

This training is one of the mandatory trainings for Practicing Certificate consideration. It is also open to all Tax Professionals, Audit Practitioners, Senior Management of Organizations, CEOs and Boards.

All members who would wish to practice in the future are also encouraged to enroll on the course as it provides practical skills required for effective performance of their roles in taxation and tax advisory services.

Financial Commitment:

Note: Delegates are required to make their own travel and accommodation arrangements. Masterclass charges cater for training fee, training materials, certificate and meals during the event.

Online Booking:

We call on Conference participants to note that booking 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.   This 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.

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)

PARTNERSHIP OPPORTUNITIES
The conference presents a perfect opportunity for organizations to showcase their products & services to a target group with high purchasing powers, both on personal and corporate levels. You will also have a unique opportunity for brand positioning and communication that will enjoy optimal visibility. Armed with significant purchasing power and decision-making authority, the audience are a key target group for businesses. Sponsorship opportunities range from cocktail, gala, media sponsorships, exhibitions and advertising. For more information or inquiries please email raphael.nguli@icpak.com.

For further inquiries, kindly contact Brenda Imali at  brenda.imali@icpak.com with a copy to memberservices@icpak.com. Reach us on call: +254 719 074000/129

We encourage members to regularly visit our website www.icpak.com for updates