Kenya Revenue Authority (KRA) is implementing initiatives aimed at improving both documentary and border compliance. One of the initiative is reduction of verification rate to 20%.
KRA wishes to notify the import and export trade stakeholders that the verification rates for ICDN and CFS for the period 1st January, 2023 to 27th March, 2023 are as follows:
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TRADING ACROSS BORDERS VERIFICATION RATES 1st January 2023 TO 27th March 2023 |
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Quarter Three |
ICDN |
Port |
|
1. |
January |
8% |
7.26% |
|
2. |
February |
9% |
7.1% |
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3. |
March |
8% |
6.77% |
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Average |
8.33% |
7.04% |
The average verification rate for ICDN and CFS is 8.33%. This positive trend has led to the reduction of time and cost of doing business.
We applaud all stakeholders who continue to uphold their compliance levels and this reduces the verification rates.
