Tax Technology in Action Webinar

Introduction

Governments and tax administrators worldwide are increasingly embracing technological advancements to enhance tax compliance and, ultimately, to boost tax revenues, especially in the face of rising public expenditure and limited options for debt financing. 

Digitalization has become central to managing tax payments, filing tax returns, conducting audits, and handling appeals. It also plays a crucial role in facilitating the exchange of information with taxpayers, both resident and non-resident. Through various bilateral and multilateral agreements, governments can now share information more efficiently, particularly for enforcing tax compliance in cross-border transactions.

Similarly, both corporates and individual taxpayers are leveraging digital infrastructure to streamline processes, strengthen internal controls, and enhance the customer experience. Technological tools are increasingly used to extract data from systems for the preparation of financial statements and supporting schedules. To ensure these statements present a ‘true and fair view’—a fundamental principle in financial reporting—stakeholders, including the KRA and other regulators, are keen to verify that the digital processes underpinning financial reporting are robust, accurate, and free from manipulation.

In response, the KRA has intensified audits of taxpayers’ digital systems to validate their reliability as sources of information for tax compliance and review. It is therefore imperative for taxpayers to embrace and leverage technology not only to enhance tax compliance but also to ensure the credibility of financial records relied upon by the KRA during tax reviews and audits.

Deloitte invites you to join our 60-minute webinar, where our specialists in Tax Technology, Tax Controversy, and Transfer Pricing will guide you through best practices for securing your systems, leveraging technology for tax compliance, managing KRA systems audits, and deploying technology in transfer pricing documentation.

Course content

The webinar will cover a range of topics, including the following, among others:

1. Introduction
   • Global Trends: Overview of adoption of digitalization in the tax space across the world
   • Key Tax Administration areas fully riding on digital infrastructure
   • Smart Tax in action- AI disruption
2. KRA's System's Audits
   • Walk through: tax controversy process
   • Key areas of focus during Systems Audit
   • Strategies for a seamless  audit process
3. Tax Technology in Transfer Pricing
   • Overview of transfer pricing concept
   • TP documentation
   • Technology and transfer pricing documentation
4. Day-to-day use of Tax Technology
   • Tax computation & returns templates
   • Data wrangling on huge data
   • Reconciliations
5. Q&A session
   • Open floor for participants’ questions and discussion

Course Objectives

To highlight the important of leveraging technology to enhance tax compliance, increase efficiency in managing KRA’s system audits as well  as automation of  transfer pricing documentations

Target Audience

This seminar is designed for tax professionals, senior management, administration, finance professionals, legal professionals, procurement professionals, reporting and compliance managers.

Course Benefits

• Participants will engage with industry experts on topical issues
• Interaction and engagement with other industry colleagues
• Access to relevant thought leadership