KRA change tack to nab stamb duty and ETR tax cheats

The taxman has issued new excise duty stamps starting this month as one of the measures to curb increasing tax evasion. The Kenya Revenue Authority said Friday that counterfeit stamps have become common, costing it significant amounts in revenue loss. It has yet to quantify revenues lost annually through counterfeit stamps though. Commissioner General John Njiraini said it is developing a ‘track-and-trace’ back-end system to support field surveillance of stamps usage. “The system will be able to tell the difference between fake and genuine stamps with almost 100 per cent certainty......