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KRA Valuation
cherrie
#1 Posted : Monday, July 06, 2009 1:48:00 PM
Rank: Member


Joined: 5/21/2009
Posts: 4
Any one there!!! Have you ever come across workers of the same company accessing in the same domain,the same question with already set same marking scheme?
When KRA in Nairobi is queried for a unit value verification they give almost in details a certain price,while in Mombasa agents are supplied with different values by their immediate KRA officers...
I mean valuation,say for a specific car,at KRA should be same i presume(error of + or - 100bob if so). Agents when asked to give Custom Duty,they are very ready to pronounce an excess of over 30k. Although at last the owner will pay what the kra officers have tabled particularly the one at mombasa,my answer is still at large! what is the Sinister motive behind all these? I'm Ready to be corrected since this has been a challenge to me.

PUSH AND PULL FOR CASH,THE ONLY WAY TO GO!!!
Chaka
#2 Posted : Monday, July 06, 2009 3:16:00 PM
Rank: Elder


Joined: 2/16/2007
Posts: 2,114
My question to KRA would be this,

The duty payable is worked out after depreciating the value of a similar vehicle in the showroom.Now,where does KRA get the show room prices considering that the vehicles registered say in 2002 are no longer being manufactured?


jerry
#3 Posted : Monday, July 06, 2009 5:34:00 PM
Rank: Elder


Joined: 9/29/2006
Posts: 2,570
Another simpler question(to those in the know) is how they do the actual depreciation after getting the price of a similar car/vehicle.

Hotels will always serve the fruits/vegs of the season. In stocks,ur duty as a trader is to identify the HOTshare of the season.
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