Education Institutions Tax Seminar

Target audience
Finance and human resource professionals in the education or vocational institutions

The workshop will cover:

Pay As You Earn (PAYE)
We will shed light on basic PAYE concepts with a focus on areas that present a risk to government institutions such as tax treatment of allowances/ per diems and non-cash benefits received from employment, fringe benefit tax and taxation of terminal dues / lump sum compensation for loss of office as well as compliance with PAYE procedures and filing requirements. We will also discuss the high risk areas as well as grey areas based on our experience and interaction with similar taxpayers as well as the revenue authority.

Withholding Tax
We will cover the principles of withholding tax, obligations placed on your institution under withholding tax, review the various payments to suppliers and their withholding tax treatment, discuss complex/ contentious withholding tax issues and also highlight the withholding tax compliance procedures.

Corporate Tax
Whereas many education or vocational institutions may be exempt from corporation tax, not all such institutions are exempt while others are exempt subject to specific conditions. We will discuss eligibility for exemption and applicable procedures. For taxable entities, we will highlight the compliance obligations and discuss the incentives that would be available to government institutions and related bodies.

Capital Gain Tax

  • Income Chargeable to CGT
  • Transfer for CGT Purposes
  • Transactions not Deemed to be a Transfer for CGT
  • Transfer of Property not Deemed to be Transfers for CGT
  • Transfer Value
  • Computation of Gains
  • Adjusted Cost
  • Transfer of Property at Market Value
  • Other General Observations

Value Added Tax (VAT)
We will provide an overview of VAT legislation in Kenya and delve into the areas that are of particular relevance to education institutions including the following:

  • Business activities that may trigger obligation to register for VAT;
  • Obligation as an agent of the KRA to withhold VAT and how to account for the withheld VAT;
  • VAT Remissions, exemptions and zero rating; and
  • Common issues arising during KRA audits.

An overview of the Tax Procedures Act
With the commencement of the Act in January 2016, the ‘’dream’’ of bringing all the tax procedures and administrative measures under one Act is now a reality. This legislation is meant to modernize tax administration and consolidate administrative measures under a single piece of legislation, has taken a long and windy journey from the initial proposals in 2006.

Registration details

Date: 23 – 24 February 2017, 8:00am – 4:30pm

Venue: Naivasha

The Charges will be KES 42,000 per person attending.