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Treasury, KRA taken to task over renewal of Sh160bn stamps deal

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Treasury Cabinet Secretary Njuguna Ndung'u. [Boniface Okendo, Standard]

National Treasury and Kenya Revenue Authority (KRA) top officials were on Monday hard-pressed to explain if they will allow SICPA firm to continue running the Sh160 billion excise stamps deal after its tender comes to an end in July next year.

Treasury Cabinet Secretary Njuguna Ndung'u and KRA Commissioner Paul Matuku said that they will be guided by the law in ensuring that a new firm oversees the collection of duty through the Excisable Management System (EGMS).

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