The Car Importers Association of Kenya (Ciak) has sued the Kenya Revenue Authority (KRA) on claims that the taxman has failed to involve stakeholders in discussions on the Current Retail Selling Price (CRSP) of used imported vehicles.
The CRSP is the price template used by the KRA to compare the actual invoice value of the car and uses the higher of the two. The customs value is then calculated by applying the depreciation to the CRSP value. The excise duty, import duty, value-added tax (VAT), and import declaration fee(IDF) are all calculated from the customs value.
