Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Kenya-South Africa deal shields McKinsey from Sh180m tax demand
KRA had demanded Sh179,956,998 in withholding tax arising from payments made in 2016 and 2017 for professional and management services rendered by McKinsey South Africa.
The High Court in Nairobi has stopped the Kenya Revenue Authority (KRA) in its efforts to widen taxation of cross-border consultancy and management fees paid by multinational firms operating in Kenya.
The setback follows a court decision blocking the collection of Sh179.9 million in withholding tax from global advisory firm McKinsey over payments made to its South African affiliate.
