ICPAK In The News

Dec
09

Minimum Corporate Tax will hurt businesses

By Christopher Owuor Wednesday, December 9th, 2020 The introduction of a Minimum Alternative Tax at the height of the largest health and economic crises of our generation is simply confounding. Globally, governments have taken steps to shield their economies from the economic storms and hurricanes of 2020. Such steps have included tax moratoriums, wage support and […]

Source: People Daily |
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Dec
09

ICPAK warns of low taxes, ballooning wage bill

By Harrison Kivisu Wednesday, December 9th, 2020 The Institute of Certified public Accountants of Kenya (ICPAK) is banking on amendments to the Procurement Act, 2015 to seal corruption loopholes in the public finance management in the country. Speaking in Mombasa yesterday, ICPAK chair Rose Mwaura said changes will reduce they of public money. “Policies and legislative […]

Source: People Daily |
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Nov
27

Minimum tax will kill our businesses, firms tells State

Many businesses risk shutting down completely if the government goes ahead with its plan to implement a minimum tax policy starting next year, stakeholders in various sectors have warned. During a virtual conference several business stakeholders expressed fear that many businesses will likely turn to informal modes of operation in order to escape paying the […]

Source: Daily Nation |
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Nov
27

State warned over risks posed by minimum tax

Lewis Njoka @LewisNjoka Accountants and the business community want the government to reconsider the decision to introduce minimum tax, saying it is punitive and will discourage investment in the country. Beginning January 1, all businesses earning above Sh50 million annual gross income will be required to remit one per cent of the income to Kenya Revenue […]

Source: People Daily |
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Nov
26

Counties overwhelmed by virus, says Oparanya

By JOACKIM BWANA | November 26th 2020 at 00:00:00 GMT +0300 Health systems in counties have been overwhelmed because of challenges that have been brought about by the coronavirus pandemic. Council of Governors (CoG) chairman Wycliffe Oparanya said yesterday the problem has been compounded by lack of funds, which ha made it difficult for county governments to equip hospitals as well […]

Source: Standard Digital |
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Nov
26

Government to blame for strikes in health sector

By Monica Kagia-People Daily The Council of Governors (CoG) has blamed the national government for recurrent health workers’ unrest in counties following continuous delays in resource allocations. Addressing participants during the opening of the 36th Institute of Certified Public Accountants of Kenya (ICPAK) annual seminar in Mombasa, COG chairman Wycliffe Oparanya warned that delays of resource allocations […]

Source: People Daily |
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Nov
25

Report should not be left to politicians alone, says CoG

Debate on a document proposing changes to the Constitution should not be left to politicians alone. Devolution Cabinet Secretary Eugene Wamalwa said professional bodies and civil society groups should be included in the discussion to popularise the Building Bridges Initiative (BBI) report. “Matters touching on the Constitution are too serious to be left to politicians alone. […]

Source: Standard Digital |
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Nov
25

Counties decry huge wage bills from local government

County governments inherited huge wage bills from the previous local government that has pushed up recurrent expenditure above 70 percent of annual expenditure for most counties. Council of Governor Chairman Wycliffe Oparanya said only five counties have managed to maintain the 70:30 ratio for recurrent and development expenditures respectively of the Kshs 316 billion. Speaking […]

Source: Standard Digital |
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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) 733 856262
Email: icpak@icpak.com

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