NOTIFICATION REQUIREMENT UNDER COUNTRY-BY-COUNTRY REPORTING PROVISIONS IN THE INCOME TAX ACT (2022)

KENYA REVENUE AUTHORITY (KRA) TENDER NOVEMBER 2022 

Public Notice 

Notification requirement under Country-by-Country Reporting Provisions in the Income Tax Act (2022)

Kenya Revenue Authority (KRA) informs the public that Section 18B to 18F of the Income Tax Act Cap 470 (2022) requires multinational enterprise groups with a gross turnover of ninety- five billion Kenya Shillings (Ksh 95Billion) to file a Notification form, Country-by-Country (CbC) report, Master file and Local file for the year of income 2022 and subsequent years.

The Notification form, Form: CBCN1, is accessible from the KRA website. The form should be sent to the Commissioner not later than the last day of the reporting financial year of the Multinational Enterprise Group, through CBCR@kra.go.ke

The Master file and the Local file shall be filed not later than six months after the last day of the reporting financial year of the multinational enterprise group, while the CbC report shall be filed not later than twelve months after the last day of the reporting financial year of the group.

For clarification please call Contact Centre on 0711 099 999; or email CBCR@kra.go.ke