The prices of used luxury cars are set to rise significantly after the Kenya Revenue Authority (KRA) proposed new base rates for charging duties on motor vehicle imports. This also means the tax charged on such vehicles will also go up considerably.
The prices of some high-end models - such as Toyota Land Cruiser VX and Land Rover Discovery - have increased by more than Sh600,000 in the draft Current Retail Selling Price (CRSP) April 2020 compared to the existing catalogue that has been in use since March last year. This means the final prices of such models will rise by more than Sh80,000 if KRA’s proposals are upheld.
