KRA warns over fake excise stamps

February 12, 2014
Shares

,

KRA last year introduced new generation excise stamps aimed at ridding the market of sub-standard goods and curb tax evasion/FILE
KRA last year introduced new generation excise stamps aimed at ridding the market of sub-standard goods and curb tax evasion/FILE
NAIROBI, Kenya, Feb 12 – The Kenya Revenue Authority (KRA) has enhanced a countrywide compliance audit on the usage of new generation excise stamps for tobacco products, wines and spirituous beverages.

This is in a bid to root out old excise stamps – which were phased out in November 2012 – and any fake stamps in circulation.

KRA last year introduced new generation excise stamps aimed at ridding the market of sub-standard goods and curb tax evasion.

The authority is currently raiding premises dealing with wines and spirituous beverages and tobacco products with the aim of identifying and prosecuting those using the old excise stamps.

KRA warns all those dealing with sale of tobacco products, wines and spirituous beverages that they risk prosecution if found in possession of fake or outdated excise stamps.

KRA Marketing and Communication Deputy Commissioner Ezekiel Maru says the authority has come across unscrupulous traders who have deployed new tricks to evade payment of taxes.

“Some of the traders are affixing genuine stamps on liquor and tobacco products supplied to major hotels and supermarkets while using fake excise stamps on the liquor and tobacco products sold at drinking dens in the slums and low income areas,” Maru said.

He said that some suspects have been arrested and will soon be arraigned in court.

He urged those in doubt of the authenticity of the excise stamps in their possession to contact nearest KRA office for further clarification.

Shares

Latest Articles

Stock Market

Most Viewed