Kenya Tax Alert - Country-by-Country Reporting Notification
23 November 2022
The Finance Act, 2022 overhauled transfer pricing (“TP”) governance as contained under the Income Tax Act (“ITA”).
Effective 1stJuly 2022, the newly introduced provisions will require multi-national enterprises (“MNEs”) or their constituent entity resident in Kenya to:
- Submit Country-by-Country (“CbC”) Reporting Notification
- File Master and Local TP Files
- File a CbC Report
This article highlights the CbC notification requirements