Boma Line News Today : Breaking News, Live Updates & Top Stories | Vimarsana

KRA cited cases of undervaluation of cargo and tax evasion, denying it billions in potential revenues.

Chinese imports valued at Sh431.9 billion for the first 10 months of last year are missing from official data .

China data shows exports to Kenya were valued at Sh738.9 billion compared to Sh441.5 billion published by KNBS for the same period.

THE STANDARD By Dominic Omondi | March 18th 2021 at 00:00:00 GMT +0300 The Kenyan Currency. [Courtesy] Kenya might have lost hugely in tax revenues, with an analysis of official data showing imports valued at more than Sh222.7 billion from China were either under-declared or diverted. Data from China’s General Administration of Customs show that the Asian country exported to Kenya goods valued at Sh575.7 billion ($5.4 billion using the 2020 exchange rate), in the 12 months to December last year. However, this is a substantial variance compared to the goods worth Sh353 billion captured by ...

Cargo clearance at railways hub to start next week Wednesday February 03 2021 By BRIAN AMBANI Small-scale traders will from Monday start picking their consignments from the Kenya Railways customs shed after the Kenya Revenue Authority (KRA) gazetted it for clearance of cargo inbound from the Port of Mombasa through the standard gauge railway. Cargo destined to the customs shed will be dropped at the Inland Container Depot (ICD) in Embakasi from where it will be ferried to the Nairobi Railway Station. “Establishment of the Boma Line is part of initiatives to bring services closer to taxpayer...