Seminar on Indirect Taxes and Emerging Issues in Tax 2019 | The Institute of Certified Public Accountants of Kenya | 9 May 2019 | Sarova Panafric Hotel, Along Valley Road Nairobi, Kenya

Tax laws are dynamic, which calls for continuous learning to keep abreast with the legislative changes and enactments. Therefore, businesses should be proactive and focus on their tax strategies, with emphasis on ensuring compliance and achieving efficiencies.

To sustain growth while staying ahead means making informed tax decisions. Being able to anticipate and address tax issues at all times is key to achieving business objectives. Non-compliance with tax laws and regulations has become an expensive oversight for companies of all sizes, whether active in the local market or at a global level, and this has led to wiping out of profit margins, making business unsustainable and ruining reputation of business.

Indirect taxes are a major source of tax revenues for governments worldwide and continue to grow as more territories move to more consumption-oriented tax regimes. Indirect taxes are also normally at the center stage of regional integration agendas- currently the Africa Free Trade Area is being ratified by more and more countries in Africa. The Kenya Revenue Authority (KRA) has been resolute in taking advantage of inherent indirect tax exposure areas emanating from innumerable operations as evidenced by the recurring indirect tax audits in the recent past.

This seminar is designed to demonstrate the technical aspects of the indirect taxes tax laws (EACCMA, VAT Act and Excise Duty Act) and their practical impacts on businesses to enable participants gain a deeper understanding and appreciate the impact of tax laws. Furthermore, the tax laws are amended each year requiring accountants to keep abreast with the changes not only to avoid any tax exposures, but also to take advantages of opportunities.

At the seminar, we shall handle the following vital topics:
• Key Tax provisions relating to VAT, Customs and Excise Duty.
• Key customs import and export procedures
• Managing customs audits
• Customs incentives
• Understanding excise duty administration.
• Excisable Goods Management System (EGMS)
• Latest developments in Value Added Tax (VAT)
• Latest developments in Customs and International trade
• Withholding VAT obligations
• Handling tax disputes and modes of dispute resolution
• Digital technology in tax administrations and businesses