Kalpataru Projects International Limited’s Kenyan branch office has received an assessment notice from the Kenya Revenue Authority demanding Profit Repatriation Tax (PRT), along with interest and penalty, for the financial year 2024. The total penalty demanded amounts to KES 11,070,578, which is approximately INR 80.95 lakhs. The company intends to file objections against this assessment within the stipulated timelines, and initial assessment indicates no significant impact on the company’s financials.
Kenyan Branch Receives Tax Assessment
Kalpataru Projects International Limited has disclosed that its branch office located in Kenya has been issued an assessment notice by the Kenya Revenue Authority. This notice pertains to alleged non-payment of Profit Repatriation Tax (PRT) for the financial year 2024.
Tax Demand Details
The Kenya Revenue Authority has demanded payment of the PRT, alongside applicable interest and penalty. Specifically, the notice outlines a demand for penalty amounting to KES 11,070,578, which is equivalent to approximately INR 80.95 lakhs.
Company’s Response and Impact
The branch office of the company plans to exercise its right to file objections against this assessment notice within the legally prescribed timelines. The company’s preliminary evaluation suggests that the levied penalty, while significant in monetary terms, is not expected to have a substantial impact on the overall financial standing or operations of Kalpataru Projects International Limited.
Disclosure Timeline
The intimation regarding this tax assessment was received by the Company on 15th June, 2026, at approximately 01:20 P.M. (IST).
Source: BSE
