Kenya tax demand reduced to ~ INR 2.66 Crore under full and final settlement
The company has entered into a full and final settlement agreement with the Kenya Revenue Authority for calendar years 2020 to 2023.
By ScoutQuest · · 1 min read
- Original Kenya tax demand (incl. interest & penalties)
- ~ INR 26.50 Crore
- Settled demand (principal only)
- ~ INR 2.66 Crore
- Principal payment deadline
- December 25, 2026
What the company disclosed
- The company has entered into a full and final settlement agreement with the Kenya Revenue Authority (KRA) in respect of an assessment for calendar years 2020 to 2023.
- The demand as per the order dated December 12, 2025 was ~ INR 26.50 Crore, including interest and penalties. Under the settlement it is reduced to ~ INR 2.66 Crore, which is only principal.
- The company attributes the reduction mainly to lower attribution of profits to the Kenya Branch.
- The settlement absolves the company from paying interest and penalties on payment of the principal demand by December 25, 2026, and from other compliances as per applicable law.
- The company will make payments as per the agreed payment terms in the settlement agreement.
- Expected financial implication stated by the company: ~ INR 2.66 Crore.
Details in Form A
- Aberrations or non-compliances identified by the authority: Nil.
- Penalty, restriction or sanction imposed under the communication: Nil.
How to read this
This is a tax assessment being closed through a written settlement with the overseas tax authority, rather than being contested further. The figure that matters in money terms is the principal outflow of ~ INR 2.66 Crore, along with the payment timeline of December 25, 2026. The ~ INR 26.50 Crore figure was the earlier demand including interest and penalties, which the settlement has reduced and partly absolved.
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More numbers
- Demand as per order dated December 12, 2025 (including interest and penalties)~ INR 26.50 Crore
- Reduced demand under settlement (only principal)~ INR 2.66 Crore
- Expected financial implications on the company (Form A)~ INR 2.66 Crore
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