CA26: Public Finance and Taxation

CA26: Public Finance and Taxation is an Intermediate Level paper in the KASNEB CPA qualification. It equips learners with the knowledge and practical skills required to understand the principles of public finance, government budgeting, fiscal policy, and taxation. The course emphasizes the role of taxation in economic development, public resource management, and compliance with tax laws while developing the ability to compute tax liabilities and advise on tax-related matters.

Key Topics Covered

• Introduction to Public Finance
• Public Financial Management Framework
• Government Budgeting and Budgetary Control
• Fiscal Policy
• Public Debt Management
• Intergovernmental Fiscal Relations
• Principles and Administration of Taxation
• Income Tax
• Employment Income Tax (PAYE)
• Business Income Tax
• Investment Income Tax
• Capital Gains Tax
• Value Added Tax (VAT)
• Excise Duty
• Customs and Import Duties
• Tax Administration and Compliance
• Tax Planning and Tax Avoidance
• International Taxation
• Ethical Issues in Public Finance and Taxation