Smugglers Minting Millions in Kenyan Car Theft Syndicate
The port of Mombasa.
File
A group of highly connected smugglers have been minting millions using forged documents to slip stolen cars into Kenya.
According to the National Transport and Safety Authority (NTSA), its platforms have been infiltrated by crooks who work in cahoots with the smugglers.
“NTSA has been in the process of reviewing and re-platforming the Transport Integrated Management System following the implementation of data recovery system,” NTSA’s senior deputy director in charge of communication Dido Guyatu told the media.
This was after they realised the smugglers have been using the platform to generate fake documents for the stolen vehicles (mostly luxury cars) that are then sold to unsuspecting Kenyans.
Insurers seek exclusion from 1pc premiums tax
Wednesday December 16 2020
By PATRICK ALUSHULA
Summary
Insurers want to be categorised similarly with upstream oil and gas, residential rental income, employment income, and persons paying turnover tax all who the Bill proposes to exempt from this tax.
PricewaterhouseCoopers (PwC) in a brief to the National Treasury said the minimum tax should not be applicable to the insurance sector since their gross premiums are already subject to an industry-specific levy.
Insurers are seeking exemption from one percent tax on gross written premiums, arguing that it is ambiguous and will stifle growth for a sector that already pays a myriad of other levies on its premiums.