Tax & Penalty16 Jun 2026, 12:23 pm
Kalpataru Projects Kenya Branch Faces Tax Demand of KES 11M
AI Summary
Kalpataru Projects International Ltd's Kenya branch has received an assessment notice from the Kenya Revenue Authority demanding Profit Repatriation Tax (PRT), interest, and penalty for the financial year 2024. The penalty alone amounts to KES 11,070,578 (approximately INR 80.95 lakhs). The company's branch intends to file objections against this assessment within the prescribed timelines. Kalpataru Projects states that the levied penalty does not have a significant impact on the company's financial or operational activities.
Key Highlights
- Kenya branch received tax demand for PRT, interest, and penalty.
- Penalty amount is KES 11,070,578 (~ INR 80.95 lakhs).
- Branch plans to file objections against the tax assessment.
- Company states no significant financial impact from the penalty.
Price Impact
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