Tax Tracking Stamps: Kenyan Court rules in favor of SICPA a Swiss company
In its argument, the appellant court ruled that since KRA already had an existing contract with SICPA, it was logical to reissue the tender to the company.
PREMIUM World
KRA maintained that the system was brought in to ensure the traceability of products, secure excise duty, and ultimately increase revenue for the government. (Courtesy Photo)
By NewVision Reporter
Journalists @NewVision
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The Kenyan appellant court has ruled that a tender given to Swiss Company SICPA to provide tax tracking stamps on excisable goods was awarded legally.