The Kenya Revenue Authority on Monday ordered large multinational groups to declare by November 30 whether they fall under the new Minimum Top-Up Tax. The tax is meant to ensure these groups pay at least 15 per cent tax on their profits in Kenya.
The tax brings Kenya into line with the OECD's global minimum tax rules. It targets multinationals that pay less than 15 per cent in Kenya because of tax breaks, such as those in Special Economic Zones and Export Processing Zones.