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KENYA REVENUE AUTHORITY (KRA) AUCTIONS
KENYA REVENUE AUTHORITY (KRA) AUCTIONS
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incognito
#1
Posted :
Monday, July 18, 2011 1:51:19 PM
Rank: Member
Joined: 6/29/2011
Posts: 233
Hello Wazuans.
Please share any information regarding KRA auctions or the Ugandan equivalent URA auctions.
Are they good opportunities for making money?!
Excelsior
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incognito
#2
Posted :
Wednesday, July 20, 2011 5:11:50 PM
Rank: Member
Joined: 6/29/2011
Posts: 233
Anyone please?
Excelsior
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For Sport
#3
Posted :
Thursday, July 21, 2011 8:38:13 AM
Rank: Veteran
Joined: 12/23/2010
Posts: 1,229
incognito wrote:
Anyone please?
Suggest you attend one and judge.
http://m.wazua.co.ke/forum.aspx?g=posts&t=34
As scar said in the above thread, there used to be a problem with "cartels" or regular bidders for cars especially. Dont know if it still exists. Then remember that the auctions are conducted with respect to goods whose owners have defaulted on their tax / import obligations. Its hard to consider this as a steady source of income.
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Thursday, July 21, 2011 8:49 AM |
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incognito
#4
Posted :
Thursday, July 21, 2011 9:12:02 AM
Rank: Member
Joined: 6/29/2011
Posts: 233
For sport,Asante! Do you have an idea how often they are held? At the moment am considering the auctions as a secondary income generator. My interest is in other goods, not cars. Will read the post u have provided.
Excelsior
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#5
Posted :
Thursday, July 21, 2011 9:34:23 AM
Rank: Veteran
Joined: 12/23/2010
Posts: 1,229
I doubt that they are held at regular intervals. The notices are usually gazetted. Can keep tabs here:
http://www.revenue.go.ke...ex.php/notices/auctions
Or call and ask
Also be sure to read the conditions of sale to determine other charges payable e.g. port charges.
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