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Kenya Revenue Authority (KRA) has received the backing from International Monetary Fund (IMF) for its new system of putting stamps on excisable goods.
In its first review of Kenya’s performance, IMF has singled out Excise Goods Management System (EGMS) and i-Tax systems as the reasons behind increased revenue collection by the taxman. The IMF noted that the introduction of new systems and continued reforms by KRA has helped increase the amount of revenue collected.
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