Kenya's Parliament has published the Finance Bill 2022, which contains the measures announced as part of the Budget Statement for 2022/23. In addition to the measures previously reported, the Bill includes a few other important measures.
One of these measures provides for the replacement of Section 18A of the Income Tax Act, which introduced an arm's length pricing requirement for resident related parties where one party is operating in a preferential tax regime. The new Section 18A is rewo…