The Kenya Revenue Authority (KRA) has announced a consultation on the draft Income Tax (Transfer Pricing) Rules 2023, which will replace the Income Tax (Transfer Pricing) Rules 2006. The purposes of these rules are to:
- Provide guidelines to be applied by related enterprises, in determining the arm's length prices of goods and services in transactions involving them; and
- Provide administrative regulations, including the types of records and documentation to be submitted to the Commissioner …