PwC Kenya’s Post

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On 19 February 2024, the Organization for Economic Co-operation and Development (“OECD”) released the final report seeking to introduce a simplified remuneration approach for eligible related companies that undertake basic marketing and distribution activities. The approach aims to assist jurisdictions that often lack sufficient local market information to enable them reduce compliance costs and increase tax certainty for taxpayers and tax administrations. Countries that choose to apply the approach have the option to make it binding on all taxpayers through local legislation or make it a taxpayer-elected safe harbor. Read more insights here: https://ow.ly/BCgE50Tkjav #TaxTuesdays #PwCInsights

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