Theme: Agility in shifting currents
Fee: KES. 35,000.00 (Inc. VAT) per participant.
Venue: Deloitte Place, Nairobi
Facilitators:
David Mwiti, Maureen Kimamo, Rosalid Mwaura, Kerry Kirimi, Ann Magondu, Maurice Lugongo, Anthony Munyare, Lillian King’oo, Cindy Koyier
Target Audience: This seminar is designed for key staff in C-Suite, Procurement, payroll, financial reporting and financial management, treasury and tax, governance and other key decision-making functions of NPOs.
Introduction
The Not-for-Profit sector has undergone rapid, significant changes driven by increasing regulatory obligations and scrutiny, technological innovation and financial pressures.
One year after the unilateral withdrawal of major international funding, NPOs continue to grapple with financial resilience to fulfil their core objectives and finance their operations. Increased scrutiny from donors, regulators and the revenue authority has mounted pressure amid the tilting landscape.
NPOs seek constructive engagement with authorities to ease integration of new laws and directives into their governance and operating framework, and the lack of opportunities for this compounds the compliance challenge. Procedural bottlenecks in compliance processes such as pursuit of tax exemption also result in time consuming engagements with authorities.
Accelerated advancement of technology - notably the emergence of artificial intelligence - obliges NPOs to redesign operational processes to enhance efficiency, fulfil strategic priorities and reskill their staff. It also presents unprecedented challenges and vulnerabilities in Data privacy and protection considering that most NPOs handle sensitive information.
It is against this background that we believe NPOs must remain agile to respond to sectoral shifts and preserve their relevance. Professionals in this sector tasked with compliance, reporting, financial decision-making and other key duties must be continuously equipped with the necessary skills and knowledge to effectively manage their changing circumstances.
This is why Deloitte invites you to attend our Annual NPO Seminar where a platform to learn about and discuss the above concerns is provided. Further details of the seminar are provided below.
1. The INPAS Standard
- The International Non-Profit Accounting Standard (INPAS) was published by the International Non-Profit Reporting Foundation (INPRF) for preparation of financial statements by nonprofit organisations. This requires indepth understanding of the standard for efficient implementation.
2. Emerging issues in the NPO Sector
- Adaptation to compliance requirements.
- Challenges implementing the provisions of the Public Benefits Organisations Act, 2013, under the Public Benefit Organizations' Regulatory Authority.
- Resource mobilization and financial sustenance in the wake of shifting donor priorities.
3. Tax Exemption Framework and Recent Regulatory Changes - Changes to exemption certificates and renewal requirements.
- Eligibility criteria for retention of tax exemption status.
- Documentation and record-keeping required to support exemption applications and renewal.
- Managing delays experienced in the exemption approval process.
- Audits by the Kenya Revenue Authority.
4. Withholding Tax, Tax Refunds and Compliance Obligations - Refund process for taxes already withheld.
- Compliance with withholding tax obligations and other agency taxes.
- Clarifying misconceptions on application of tax exemptions & Double Tax Agreements (DTA) provisions
5. Host Country Agreements (HCAs) and Tax Implications - Enforcement of HCAs.
- The scope of tax reliefs available under an HCA.
- The relationship between HCAs and exemption certificates.
- Addressing common misunderstandings around HCAs impact on tax exemptions.
6. VAT & Withholding VAT Compliance for NPOs - Hybrid organisations that undertake both donor-funded and commercial activities.
- Review of VAT registration thresholds and continuing compliance responsibilities.
- Electronic invoicing requirements.
- VAT implications during application or renewal of exemption certificates.
- Withholding VAT (WHVAT) obligations
7. Employment Taxes and Taxation of Benefits - Recent legislative changes affecting employment tax compliance.
- Taxation of gratuity.
- Tax treatment of employee benefits under current tax legislation.
8. Data Privacy and Protection - Data protection legal requirements.
- Implementation of the Office of the Data Protection Commissioner (ODPC) requirements.
- Governance frameworks for managing sensitive beneficiary and donor information.
9. Tax Technology and Artificial Intelligence (AI) - Digital tax landscape.
- Digital tools for operational efficiency.
- Technology solutions to support compliance and governance.
- AI in the workplace.
