Swiss security printer to bag Sh2bn for excise duty stamps

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Ugunja Member of Parliament Opiyo Wandayi. FILE  PHOTO | DENNIS ONSONGO | NMG

Swiss multinational security printer, Sicpa, is set to pocket Sh2 billion from the taxman as part of a settlement of pending bills for the supply of excise duty stamps.

The Treasury has allocated the Kenya Revenue Authority (KRA) the money towards settling part of old pending bills of Sh4.48 billion that is due to Sicpa in the mini-budget currently before Parliament.

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