NAIROBI (Xinhua) --
Kenya will next week host a three-day international forum on tax
stamp, which is to be held in Africa for the first time,
organizers said on Saturday.
The Tax Stamp Forum,
which will take place in Nairobi from Monday, will broadly
discuss the latest developments in tax stamp systems as well as
best practices in developing and enforcing tax stamp programs,
said Kenya Revenue Authority (KRA), a co-host of the event.
“The forum will also
discuss the new tax stamp standard and the latest advancements
in smartphone applications for use in verification of tax stamps
and products,” KRA said in a statement issued in Nairobi.
It said the Tax
Stamp Forum is a global event that focuses on strategic and
practical solutions to protect government revenues and combat
the illicit trade in goods.
“The choice of Kenya
as the country to host this forum reaffirms its global
reputation of embracing innovative and facilitative technologies
in enhancing service delivery including tax compliance,” KRA
The tax body said
the forum will bring together government excise and customs
agencies, investigators, law enforcers, regulators,
manufacturers as well as distributors and security printers.
“Other supply chain
specialists will also attend the event which will be
characterized by a lively mix of speeches, panel discussions and
interviews,” it said.
According to KRA,
implementation of the Tax Stamp programs seek to control the
production and importation of excisable goods for revenue
It is specifically
meant to curb illegal production, under-declaration of imports,
distribution of illicit products, smuggling and counterfeiting
KRA said more than
150 revenue agencies use tax stamps to collect valuable tax
duties and excise payments, involving the worldwide production
of some 140 billion stamps annually.
Two years ago, KRA
introduced enhancements to its excise stamp program by
introducing a smartphone application - Soma Label - as part of
efforts to expand enforcement to the public and other law
Using the system,
the authority has seized over 1.5 million Products and
prosecuted more than 609 offenders.