Capital Gains Tax
The Capital Gains Tax came into effect on 1 January 2015. However, its implementation has been off to a slow start even as the KRA seeks to operationalize the tax. Deloitte has organised an informative workshop on Thursday, 12 February 2015 to shed light on the legislation. Additionally, the workshop will review in detail how the reintroduced tax addresses several tax issues.
The Capital Gains Tax came into effect on 1 January 2015. However, its implementation has been off to a slow start even as the KRA seeks to operationalize the tax. Confusion has been expressed over some elements of the legislation. Notably, various stakeholders are still seeking clarity on how the tax will operate and the effect of the tax on their personal/ business interests.
To this end, we have organized an informative workshop to shed light on the legislation. During the workshop, we will demonstrate with examples how the capital gains tax is supposed to operate and highlight areas where amendments need to be made to bring the legislation into line with international best practice. We will also expound on tax planning ideas around the legislation and point out grey areas in the legislation showing the required action(s) to rectify the positions.
Additionally, the workshop will review in detail how the reintroduced tax addresses the following issues:
- Expanding the tax base;
- Taxable persons;
- Exempt transactions;
- The meaning of a transfer;
- The determination of the taxable gain;
- The tax point;
- Whether it is in tandem with international best practice;
- Is it to be taxed as a separate source; and
- Its impact on compensating tax.
|Date:||Thursday, 12 February 2015|
|Venue:||Deloitte Place, Nairobi|
|Time:||8:30am – 11:30am|
|Charges:||Kshs. 15, 500 (Including VAT)|
Please make all payments payable to ‘Deloitte & Touche’
Due to limited seating, confirmations are on a first come first served basis. To guarantee a place, please register and make payment by Tuesday, 10 February 2015.
Contact (Inquiries and registration)
Ms. Vera Adongo
Tel/Direct: +254 (0)20 4230333; 4441306-12 | Fax: +254 (0)20 4448966