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In depth look at customs and excise

Understanding the complexities

Companies and Institutions involved in importation and exportation of goods face dynamic and complex customs laws, regulations and compliance requirements.

Given other numerous tax priorities and the lack of time and resources to deal with custom-specific taxes, businesses choose to rely on customs clearing agents for guidance on custom related matters. More often than not, the company staff do not have the chance to focus on customs and trade-related risks, identify tax saving opportunities and efficient customs clearance procedures.

The primary objective of any importer is to clear goods through customs efficiently and pay minimum taxes under the law. Most importers experience delays in clearing their goods through customs due to disputes with the Customs authorities ranging from valuation disputes, tariff classification disputes, insufficient documentation amongst others. In addition, businesses experience high clearance costs due to high storage and demurrage costs, overpayment of taxes and in some cases fraud by unscrupulous clearing agents.

Against this background, Deloitte School of Taxation is organising a 1 day master class to review customs basic principles and clearance procedures and analyse the excise duty regime in Kenya.

Workshop Outline

We have invited KRA representatives to provide the KRA perspective on the transfer pricing audits.

In particular, the workshop will encompass:

  • Sources of Customs law;
  • Incoterms;
  • Customs valuation;
  • Tariff Classification;
  • Customs Clearance Procedures and Documentation
  • Incentives
  • Post Clearance Audit
  • Grey areas
  • Excise duty
-     Sources of excise law
-     Introduction to excise duty
-     Imposition of excise duty
-     Excisable goods and services
-     Goods and services not liable to excise duty
-     Time and place of supply
-     Timing of excise duty liability
-     Excise valuation
-     Excise duty returns
-     Relief for raw materials
-     Record keeping
-     Licensing
-     Refunds
-     General offences and penalties
-     Grey areas
Target audience:
  • Importers and exporters;
  • Logistics and procurement professionals
  • Manufacturers ;
  • Oil and gas professionals;
  • Lawyers;
  • Mining professionals;
  • Finance and accounting professionals;
  • Insurance professionals; and
  • Banking professionals.  

Fee

The charge for the workshop will be KES 37,500 (excluding VAT) per person. This covers the cost of refreshments, lunch and training materials. Please make all payments payable to ‘Deloitte & Touche’. Kindly reference: TP191118.

Register here

Date: Thursday, 6 December 2018

Time: 8:00 am – 4:30 pm

Venue: Movenpick Hotel

Register Now

Contacts

Should you have any inquiries, please reach out to:

Ms. Hulder Amollo Muga
Deloitte & Touche
Deloitte Place, Waiyaki Way, Muthangari,
P. O. Box 40092 - GPO 00100, Nairobi, Kenya 
Tel/Direct: +254 (0)20 423 0051; 0719 039 000
Email: DSoT@deloitte.co.ke

We look forward to seeing you at the Tax Retreat.

Interested in our upcoming trainings?
Please Click here for a full listing of upcoming trainings.

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