Traders, firms risk Sh5m penalty for using old stamps

Traders and manufacturers risk fines of up to Sh5 million or three years in jail or both for using old generation stamps on bottled water, juice, soft drinks, beer, wines and spirits packages.

The penalties follow the expiry of a one-month grace period by the Kenya Revenue Authority (KRA) for use of old generation stamps on the products on Wednesday.

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Note: The results are not exact but very close to the actual.