Court halts KRA’s higher tax rates for used cars

The Mombasa High Court has stopped the Kenya Revenue Authority (KRA) from raising taxes on used motor vehicle imports through adjusting the base on which various levies are computed by up to 40 percent.

The taxman on July 7 published new Current Retail Selling Price (CRSP) --a database of prices of new vehicles in the country that forms the basis of taxing second-hand units after taking into account depreciation.

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Note: The results are not exact but very close to the actual.