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Court clears KRA's e-stamp duty deal with Swiss firm

Court of Appeal judges say the taxman did not break any law when it awarded the tender to SICPA Securities Ltd. [iStockphoto]

The Court of Appeal has cleared the Kenya Revenue Authority's (KRA) multi-million shillings contract with a Swiss firm for the provision of new-generation excise stamps on soft drinks and cosmetics.

Appellate Court judges Hellen Omondi, Daniel Musinga and Grace Ngenye ruled that KRA did not break any law when it awarded the tender to SICPA Securities Ltd and overturned a High Court decision that had declared the contract as illegal.

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