Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Del Monte’s deals with sister firms trigger Sh6.76bn tax war
In the Finance Act 2025, the government introduced Advance Pricing Agreement (APA) framework, allowing companies and the KRA to agree in advance on transfer pricing methods for complex related-party transactions.
Pineapple grower Del Monte Kenya is staring at a Sh6.76 billion bill after a tax tribunal ruled that the company understated its local income by shifting profits offshore to related entities.
The Tax Appeals Tribunal found that the Thika-based fruit processor sold fresh and processed pineapples to a sister company abroad at prices that did not reflect the value created in Kenya and claimed interest deductions from a loan deal that favoured its parent firm.
