Transfer Pricing Workshop (Mandatory Training)

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May 10, 2023 @ 9:00 am - August 11, 2023 @ 3:30 pm

| Ksh 10,000

INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA

(Established under the Accountants Act, Laws of Kenya)

TRANSFER PRICING WORKSHOP – RECORDING

(This is one of the mandatory trainings for practicing certificate consideration)

DATE: 10TH – 11TH MAY 2023

TIME: 9:00 AM – 3:30 PM

MODE OF DELIVERY: VIRTUAL

OVERVIEW

For many multinationals with cross-border transactions, taxation that is based on transfer pricing is becoming a significant concern. Transfer pricing refers to the pricing of goods, services and intangibles between related parties located in different countries. The transactions between related parties are to be carried out at an “arm’s length” basis. Prices are meant to efficiently allocate resources in the market whereas the role of transfer prices is to efficiently allocate resources within a company as they move from one related entity to another.

The OECD Transfer Pricing Guidelines have changed considerably over the past few years. Consequently, policies are being reviewed and in some cases changes to pricing have to be made. Multinational enterprises must determine now what practical implications they face and how they can best operate within this radically changed regulatory environment.

In Kenya, Transfer Pricing rules became effective from 1st July 2006 and borrowed significantly from the Organization for Economic Co-operation and Development (OECD) Transfer Pricing Guidelines. Under Section 18(3) of the Income Tax Act (ITA), transactions between a resident entity and it related non-resident should be at arm’s length. The Rules form the basis for the determination of the arm’s length price in transactions between related parties. They entitle the Commissioner to adjust transaction prices where he is of the view that the related parties did not transact at arm’s length.

The symposium intends to enhance the participants’ understanding of transfer pricing by focusing on:

  • OECD Transfer pricing guidelines and the Arm’s length principle
  • OECD Risk Analysis
  • Transfer Pricing Documentation
  • Transfer pricing compliance and emerging issues
  • Resolving and handling transfer pricing disputes
  • The implications of BEPS for Transfer Pricing

TARGET AUDIENCE

This virtual symposium will be useful to all professional Accountants and other professionals interested in taxation.   

CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):

Members of ICPAK and reciprocating professional bodies will be awarded 10 Structured CPD Units upon successfully completion of the virtual symposium.

FINANCIAL COMMITMENT

The symposium charges are Kshs. 10,000. Charges will cater for online video access fees, learning materials, and e-certificates of attendance.

ONLINE BOOKING

Registration: Delegates are reminded to note that online booking for the workshop is mandatory on https://www.icpak.com/event-registration/Online Booking

We call on interested participants to note that booking for the event is available online at www.icpak.com  and will close two hours before the training session.

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 +254 719 074 000, (+254) 733 856262 or via email to memberservices@icpak.com

Details

Start:
May 10, 2023 @ 9:00 am
End:
August 11, 2023 @ 3:30 pm
Cost:
Ksh 10,000
Event Category:

Organizer

ICPAK
Website:
icpak.com

Other

CPD Hours
10
Associates Member Cost
Ksh 10
Full Member Cost
Ksh 10
Non Member Cost
Ksh 10
Event Type
Seminar
Status
Open
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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
Email: icpak@icpak.com

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