How new mitumba car duty valuation will affect prices

Second hand cars being offloaded from a Cargo Ship at the Port of Mombasa in this photo taken on July 7, 2021.

Photo credit: File | Nation Media Group

The Kenya Revenue Authority (KRA) has published a new pricing template upon which it will determine duty on imported used motor vehicles (current retail selling price (CRSP)) from next month.

The new CRSP has more than doubled duty for some models, notably the small engines and this is set to trigger massive price increments.

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