Kenya Consulting on Implementing Regulations for CbC Reporting

The Kenya Revenue Authority has issued a public notice regarding a consultation on the draft regulations for Country-by-Country (CbC) reporting. Measures for the introduction of CbC reporting requirements from 1 January 2022 were introduced as part of Kenya's Finance Act 2021, but without any detailed provisions for the requirements.

The draft regulations are generally in line with standard OECD guidance for CbC reporting, including the requirement to submit a CbC report within 12 months a…