In conclusion, as outlined in the Financial Act, Kenya’s latest transfer pricing requirements represent a significant step toward aligning the country with international best practices. The emphasis on documentation, country-by-country reporting, and APAs reflects a commitment to ensuring fairness in taxation and preventing profit shifting. While businesses may face challenges in adapting to these changes, the overall objective is to create a transparent and predictable tax environment that benefits both the government and the business community. Moving forward, stakeholders must collaborate to address any concerns and fine-tune the regulations to balance compliance and economic growth.
About the Author
Thank you for reading this article. The author, James Ndambiri, is an avid Business Advisor and Consultant: A Tax Surgeon, Proficient Accountant, Skilled Auditor, Guru in Financial and Investment Management, Expert in Business Strategy Formulation, Business Transformation Wizard, Family Business Advisor, Lecturer, Business Coach and a Family Man.
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