NAIROBI, Keny, Jan 15 – PWC has issued guidelines for the activation of bilateral country-by-country reporting exchange relationships (CbCR).
The framework says that multinational enterprises (MNEs) that fall under CbCR are those with a consolidated group revenue of at least Sh95 billion.
Currently, as part of the CbCR MCAA framework, there are 69 active bilateral exchange relationships between Kenya and other jurisdictions.
The Finance Act, 2022, introduced the requirement for Kenyan-based members of MNEs to file a CbCR in Kenya by the last day of the 12th month, following the group’s year-end.
