Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result

Swiss firm pays Sh17.7b excise tax

byCT Report
17/10/2016
in Uncategorized
Share on FacebookShare on Twitter

BASEL: A Swiss firm awarded the Sh17.7 billion excise tax system says it has not employed any Kenyan related to a Kenya Revenue Authority staff in their offices abroad.

SICPA Security Solutions said it has a clear corporate code of conduct and recruitment policies that prevent it from known conflicts of interest. “SICPA has a clear corporate code of conduct and strong HR and recruitment policies which preclude known conflicts of interest and which promote equal opportunities based on competence,” the firm said in a statement. The firm was responding to allegations that it had employed a Kenyan in one of its offices abroad who is related to a KRA official. The company said it does not have Kenyan employees out of Kenya. However, SICPA Kenya, a subsidiary of Switzerland- based SICPA Security Solutions has 70 Kenyan employees locally. Parliament’s Public Investments Committee (PIC) is currently investigating the contract and has ordered that the system be suspended until investigations are complete. SICPA initially signed the contract in December 2012 at a cost that was later renegotiated.

You might also like

KP releases Rs80.7 billion for ongoing development projects

16/07/2026

Punjab Judges eligible to purchase govt cars for just Rs3.5lac under New Scheme

16/07/2026

The original contract was for making excise stamps for tobacco products, wines and spirits but the Treasury, through a Legal Notice number 110 of June 2013 increased the scope to cover beer, bottled water and soft drinks. The five-year contract worth Euros 20,341,464 was originally to provide 3.55 billion stamps a year but this was later reviewed to Euros 158,213,898 (Sh17.7 billion at current exchange rates) for 12.87 billion stamps.

 

Related Stories

KP releases Rs80.7 billion for ongoing development projects

byCT Report
16/07/2026

PESHAWAR: The Khyber Pakhtunkhwa government has released Rs80.7 billion for ongoing development projects under the Annual Development Programme (ADP) 2026–27,...

Punjab Judges eligible to purchase govt cars for just Rs3.5lac under New Scheme

byCT Report
16/07/2026

LAHORE: Thousands of judicial officers across Punjab are set to get unexpected benefit after Lahore High Court approved scheme allowing...

Pakistan Advances Digital Payments with Co-Badged Debit Card

byCT Report
16/07/2026

KARACHI: State Bank of Pakistan (SBP) Governor Jameel Ahmad has welcomed the introduction of the HBL, UnionPay International and PayPak...

RCCI calls for stronger industry-academia collaboration to drive a knowledge-based

byCT Report
16/07/2026

RAWALPINDI: President Rawalpindi Chamber of Commerce and Industry (RCCI), Usman Shaukat, participated in a high-level interactive session at New York...

Next Post

Zambezi Gas exports to Zambia

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.