Browsing: Nairobi Inland Container Deport (ICD)

The Kenyan government has now resorted to vetting of importers and exporters of consolidated cargo in the latest move to curb tax evasion. This comes in the wake of recent delays in clearing of cargo at the Nairobi Inland Container Deport (ICD) as authorities opt for 100 per cent verification on containers with consolidated goods. This is on suspicion of under-declaration and misdeclaration by traders in a tax evasion racket that has been denying the government revenues amounting to billions of shillings. President Uhuru Kenyatta says the government will vet and register all import and export cargo consolidators to root out tax evaders.

How Kenya plans to curb tax cheats on import, exports of consolidated cargo

Kenya

The Kenyan government has now resorted to vetting of importers and exporters of consolidated cargo in the latest move to curb tax evasion.

This comes in the wake of recent piling of cargo at the Nairobi Inland Container Deport (ICD) as authorities opted for 100 per cent verification on containers with consolidated goods.

This is on suspicion of under-declaration and misdeclaration by traders in a tax evasion racket that has been denying the government revenues amounting to billions of shillings.

Rogue state officials have been accused of colluding with unscrupulous traders to facilitate false declarations, denying the Kenya Revenue Authority (KRA) requisite taxes, such as import duty, a move said to have led to a loss of over Ksh100 billion(US$987.8million) in the recent past.

They are also said to allow in counterfeits into the market and through the transit route into the hinterland in exchange for kickbacks.

The verification process …