Kenya Tax Alert - Country-by-Country Reporting Notification

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