Tag: Minimum Top Up Tax

Minimum top-up tax: Kenya’s proposed fiscal approach to multinational taxation

To generate more revenue, Kenya is seeking to introduce a significant fiscal obligation through the Tax Laws (Amendment) Bill, 2024, which proposes the Minimum Top-up Tax. This legislative measure targets multinational enterprises operating within the country with a consolidated annual turnover exceeding KES 100 billion. The proposed tax emerges from a broader global movement. […]...