OrbitaxKenya Finance Act 2022 Includes Revised Arm's Length Pricing Requirements for Preferential Tax Regimes, Revised CbC Reporting Requirements, and Several Other Changes
|Approved Changes|Kenya
On 5 July 2022, the Kenya Revenue Authority published the Finance Act 2022, which was originally published in the Official Gazette on 23 June 2022 and contains the measures for the 2022/23 Budget. The main income tax measures are summarized as follows:
One of the main measures provides for the replacement of Section 18A of the Income Tax Act, which introduced an arm's length pricing requireme…
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