10.03.14
SICPA congratulates the Kenya Revenue Authority on Winning Best Tax Stamp Programme Award 2014. The Best Tax Stamp Programme was awarded to Kenya Revenue Authority for its Excisable Goods Management System to eliminate illicit trade and enhance tax collection.
The Awards Ceremony took place during the 5th Tax Stamp Forum. organized by Reconnaissance International in Dubai. The Excellence in Tax Stamps Awards recognizes the important role that tax stamp programs play in combating illicit trade and protecting tax revenues.
This system for the protection of excise tax revenue has been developed, deployed and is operated by SICPA. It comprises an enhanced excise stamp with multiple security layers for various stakeholders along the supply chain. As a result, Kenya Revenue Authority has seized more than 300,000 illegitimate products from about 900 outlets, prosecuted more than 150 offenders and increased excise revenue on spirits by 53% between February and June 2014.
The Awards Ceremony took place during the 5th Tax Stamp Forum. organized by Reconnaissance International in Dubai. The Excellence in Tax Stamps Awards recognizes the important role that tax stamp programs play in combating illicit trade and protecting tax revenues.
This system for the protection of excise tax revenue has been developed, deployed and is operated by SICPA. It comprises an enhanced excise stamp with multiple security layers for various stakeholders along the supply chain. As a result, Kenya Revenue Authority has seized more than 300,000 illegitimate products from about 900 outlets, prosecuted more than 150 offenders and increased excise revenue on spirits by 53% between February and June 2014.