Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Treasury scraps 20pc excise tax on locally assembled vehicles
Rita Kavashe, the chairperson of the Kenya Motor Industry Association and chief executive of GMEA. PHOTO | FILE
The government has revoked the 20 per cent excise tax on locally assembled vehicles, offering relief to an industry that had started reeling from the imposition of the levy.
The Kenya Revenue Authority (KRA) started collecting excise taxes from Kenya Vehicle Assemblers (KVM), General Motors East Africa (GMEA) and Associated vehicle Assemblers (AVA) for the first time last year at a flat rate of Sh150,000 per vehicle.
