Importers of used cars are set for a fairer and lower tax burden at the Port of Mombasa as the Kenya Revenue Authority (KRA) moves to adopt a new taxation system that relies on the value of the units at the point of shipment.
This will mark a departure from the existing system where the taxman takes the current retail selling price (CRSP) from formal dealers such as CFAO Mobility Kenya and Inchcape Kenya and depreciates it to arrive at the value of an imported car.
