The Kenya Revenue Authority (KRA) on behalf of the National Treasury and Economic Planning, has developed the Draft Income Tax Act (Transfer Pricing) Rules, 2023 that will replace the current Income Tax (Transfer Pricing Rules) 2006. This tax alert summarizes the key components of the proposed draft TP Rules, 2023 that companies should consider in respect of related party transactions.


This newsletter has been prepared by RSM (Eastern Africa) Consulting Ltd, and the views are those of the firm, independent of its directors, employees and associates. This newsletter is for general guidance, and does not constitute professional advice. Accordingly, RSM (Eastern Africa) Consulting Ltd, its directors, employees, associates and its agents accept no liability for the consequences of anyone acting, or refraining from acting, in reliance on the information contained herein or for any decision based on it. No part of the newsletter may be reproduced or published without prior written consent. RSM (Eastern Africa) Consulting Ltd is a member firm of RSM, a worldwide network of accounting and consulting firms. RSM does not offer professional services in its own name and each member firm of RSM is a legally separate and independent national firm.