KRA gives multinationals until November 30 to declare minimum top-up tax status
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 Kenya Revenue Authority (KRA) has given large multinational companies operating in Kenya 21 days to declare whether they are covered by the Minimum Top-Up Tax (MTT). In a public notice dated Monday, November 9, KRA set a November 30, 2026 deadline for covered firms to notify the Commissioner. The notification must name the multinational group and the country of its ultimate parent company. It must also list every related company operating in Kenya, with its KRA PIN. According to the Eastleigh Voice, firms must send the details to a dedicated KRA email address. Covered firms must also file MTT returns and pay any top-up tax due. In addition, they must comply with the Multilateral Competent Authority Agreement on the Exchange of GloBE Information. That agreement lets tax authorities in different countries share information about multinational businesses. The tax applies to multinational groups with combined annual revenue of at least €750 million in at least two of the previous four financial years. Kenyans.co.ke put this at Ksh110 billion, while the Eastleigh Voice put it at about Sh112 billion. A Kenyan subsidiary could be caught even if its own revenue is far smaller, as long as its wider group meets the threshold, Kenyans.co.ke reported. The rule covers resident entities and permanent…
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