The Workshop // Boost Your Basic Tax Compliance Knowledge

A Tax Compliance Knowledge Session on different Tax Requirements and Obligations for Individuals, Businesses, Start-ups & Side Hustles. Hosted by Oscar Musyoka, a Tax Manager at Mawji Sennik.

Every year the filing of the Individual self-assessment tax return to be submitted by the 30th of June brings with it dread, confusion, anxiety, and haste.

In pre-pandemic years, last-minute taxpayer queues went around the block and then some. The Kenya Revenue Authority (KRA) iTax systems crashed and many were fined for their tardiness in the filing. Yet unknown to many the required filing can be done from January in the year following the year the income was earned.

Taxation in Kenya is for the purpose of financing the government’s planned activities. It is Article 209 of the Constitution of Kenya 2010 that grants powers for the government to impose taxes as a revenue source by both the national and the county governments. While it remains a vital source of revenue, there have been continuous challenges for KRA to ensure that most taxpayers comply with taxation requirements. It doesn’t help that a myriad of new taxes has been introduced in the last few years.

In 2020, we saw the introduction of the Turnover and Presumptive tax. Then The Digital Service Tax (DST) then came into effect early this year which makes it even more challenging to understand what is required from different sets of taxpayers. However, ignorance is not an excuse, and compliance is a must.

Tax compliance is defined as the process of filing returns, declaring correct tax and payments by the deadlines set.  It requires awareness & education for individuals (employees, consultants) and enterprises (start-ups, business) to be confident in their knowledge of tax laws and regulations.

At the end of the Know Your Tax Requirements & Obligations session, as an attendee you will have gained critical knowledge on:

• Tax compliance requirements for obligations for Individuals, Businesses, Start-ups, Side Hustles, and the aspect of separate sources of income.
• Emerging trends on tax compliance and measures to put in place to maintain tax compliance status.
• Notable changes in the Finance Bill, 2021 and how they are going to affect your business or spending patterns.

Sign up today!
Webinar: The Workshop // Boost Your Basic Tax Compliance Knowledge
Speaker: Oscar Musyoka - Tax Manager at Mawji Sennik
Date: Tuesday, 8th June 2021
Time: 9:00 am - 10:30 am (EAT)
Register here.

About the Speaker 

Oscar Musyoka is a seasoned tax professional with extensive experience in the provision of general and specialized tax compliance and tax advisory services across the East African region.

He has been involved in offering strategic tax planning and tax advisory services in mergers, acquisitions & reorganizations, transfer pricing, tax health checks &  due diligence reviews, and routine tax compliance services in various sectors of the economy. He has also been involved in securing various tax exemptions within the E.A. region.

Oscar has over 11 years of tax experience having joined the firm in 2019 from PKF. He holds a Bachelor of Business (Finance and Banking) degree from Moi University and he is currently pursuing a Masters in Tax and Customs at the Kenya School of Revenue Administration. Oscar is a member of the following professional bodies.

• Institute of Certified Public Accountants – Kenya
• Institute of Certified Secretaries – Kenya
• Institute of Human Resource Management

About Mawji Sennik

Mawji Sennik and Company is a leading firm of Certified Public Accountants, established in 1979. They have vast industry experience and depth of knowledge across multiple sectors of the economy enabling the Firm to provide its clients with a suite of comprehensive professional services in the fields of audit, accounting, tax advisory, and management consultancy.

Mawji Sennik leverages its extensive experience to catalyze the growth of industries and businesses across the region and is a member of Asiri Africa – an alliance of professional services firms comprising lawyers, corporate, financial, audit and tax advisors.

Sign up today!
Webinar: The Workshop // Boost Your Basic Tax Compliance Knowledge
Speaker: Oscar Musyoka - Tax Manager at Mawji Sennik
Date: Tuesday, 8th June 2021
Time: 9:00 am - 10:30 am (EAT)
Register here.