Fee: Free
Venue: Online
Facilitators:
Maurice Lugongo | Nelson Ngaira | Moses Wanjohi | Sharon Terer
Introduction
The international tax landscape is undergoing significant transformation in a bid to deter Base Erosion and Profit Shifting (BEPS). A key component of this plan is the Global Anti-Base Erosion(GloBE)/OECD’s Pillar II Model rules, which provide for a coordinated system of taxation that imposes a top-up tax on profits arising in a jurisdiction whenever the effective tax rate is below the minimum rate of 15%.
Kenya introduced a Qualified Domestic Minimum Top-Up Tax (QDMTT) through the Tax Laws(Amendment) Act, 2024 that was effective from 27 December 2024, and ratified the Multilateral BEPS Convention in January 2025, effective May 2025. These actions demonstrate Kenya's commitment to the BEPS Project by ensuring multinational enterprises (MNEs) pay a global minimum tax (GMT) and prevent tax avoidance.
The introduction of QDMTT in Kenya’s tax laws allows Kenya to collect additional taxes from covered persons whose combined effective tax rate in a year is less than 15%.
It is critical for MNEs, financial institutions and compliance teams to understand the associated practical implications, compliance requirements, and strategic considerations for the QDMTT.
Deloitte invites you to join our 90-minute webinar, where our team of international tax experts will guide you through the complexities and nuances of the QDMTT. This session is designed to equip participants with the knowledge and practical tools needed to navigate the evolving international tax landscape, address compliance needs, and make informed strategic decisions for your organization.
Target Audience
This seminar is designed for tax professionals, senior management, administration, finance professionals, legal professionals, procurement professionals, reporting and compliance managers, especially those working within MNEs.
Course content
The event will cover a range of topics, including the following, among others:
- Introduction
- Overview of the OECD’s Pillar Two Framework
- Overview of Kenya’s Qualified Domestic Minimum Top-Up Tax regime
- Key concepts and definitions
- Key stepsIdentification of entities within scope
- Determination of the GloBE income
- Determination of the covered taxes
- Calculation of the effective tax rate and determination of the top-up tax liability
- Case studies and illustrative scenarios
- Compliance considerations
- Payment of the top-up tax
- Filing considerations
- Records management and maintenance
- Country by Country Reporting (CbCR) considerations
- Q&A session
- Open floor for participants’ questions and discussion
Course Objectives
To highlight the implications of the QDMTT for multinational enterprises and equip participants withpractical knowledge on its implementation.
Course Benefits
- Participants will engage with industry experts on topical issues
- Interaction and engagement with other industry colleagues
- Access to relevant thought leadership
