Seminar on Indirect taxes, Transfer Pricing and Emerging Issues – Value Added Tax 29 th April 2016 CPA Starlings Muchiri Mobile: 0722 33 27 29 Email:

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Presentation transcript:

Seminar on Indirect taxes, Transfer Pricing and Emerging Issues – Value Added Tax 29 th April 2016 CPA Starlings Muchiri Mobile:

 Intro to VAT principles;  Compliance requirements;  Emerging issues;  Intro to VAT principles;  Compliance requirements;  Emerging issues; Scope of presentation

Five pillars of VAT…

Value Added Tax… “Person” includes individuals, companies, associations, trusts, estates and governments. “Business” includes activities carried on without a profit motive where the activities are regular or continuous and involve supply of goods or services for consideration. “Taxable supplies” are supplies that are not exempt from VAT under the 1st schedule to the VAT Act.

Exempt supplies… 5

6

7

8

Zero-rated Supplies… 9

10

Registration for VAT…

Charge to tax…

When to charge VAT…

Deducting input VAT…

Collection and enforcement

VAT Refunds …

Emerging issues …