THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
VAT Input Tax Controversies demystified
Date: 13th October 2020
Time: 16:00 to 17:00 hours
Charges: 1000
CPD Units: 1
Where: Webinar
OVERVIEW
Coverage
- Introduction to VAT and the destination principle.
- Deductibility of Input Tax,
- Meaning of Input, Conditions for deduction of input tax
- Prohibition order under the repealed Cap 476 vs VAT Act 2013
- The partial exemption formula and the 90/10% corridor
- Claiming of input tax on inventory and capital goods.
- Registration and excess credit
- Input tax and refunds, Tax Point and input tax.
- VAA Controversies
- Meaning of VAA, Reasons for VAA
- How VAA works
- VAA Stakeholders feedback
- Way Forward to resolve the VAA inconsistencies
- The change in Finance Act 2020: Deduction of input tax tied to the registered supplier declaration of the sales invoice in a return
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 1 CPD Units upon successfully completion of the Webinar.
FINANCIAL COMMITMENT:
The Webinar charges are Kshs. 1,000.
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 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 +254 733 856 262/ 727 531006 or via email to onlinelearning@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com/event-registration/ for updates.
