Kenyans cut vehicle imports by Sh22bn on taxes

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Imported used cars at the port of Mombasa on April 8, 2022. PHOTO | WACHIRA MWANGI | NMG

Kenyans have slashed expenditure on the importation of motor vehicles by nearly a fifth on the back increased taxation, weakening shilling and shortages of second-hand units, signalling a revenue shortfall for the taxman.

Fresh data shows the value of vehicle imports for 10 months through October amounted to $680 million (about Sh102 billion) compared with $825 million (Sh123.75 billion) in a similar period a year ago.

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