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Flat Rate Excise Duty On Used Motor Vehicles
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premio
#11 Posted : Saturday, June 20, 2015 8:16:13 AM
Rank: Member

Joined: 5/31/2009
Posts: 226
if it was in Canada where every single coin goes to good use i wouldnt mind buying a vitz at 800k. Now in Kenya over 70% will go to line up pockets of fat cat contractors and briefcase suppliers . Why do u wantto make hard for the poor milk supplier buying a probox to transport his milk to better markets. The buyer unemployed graduate venturing into the matatu bussiness with a used nissan vannette purchased through and expensive loan and leave the rich karen residents who parks 4 luxury cars for personal use to pay the same duty.
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young farmer
#12 Posted : Saturday, June 20, 2015 12:56:14 PM
Rank: New-farer

Joined: 9/25/2012
Posts: 58
Location: kenia
Do kenya make their own vehicles or their import even spare parts. Toe the line
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dunkang
#13 Posted : Saturday, June 20, 2015 7:00:30 PM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
On this, am 100% with Rotich even though my plans of upgrading my jalopy are in high gear!

Traffic jam cost me an hour sleep daily during weekday.
Receive with simplicity everything that happens to you.” ― Rashi

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nakujua
#14 Posted : Saturday, June 20, 2015 7:20:01 PM
Rank: Elder

Joined: 12/17/2009
Posts: 3,583
Location: Kenya
Hapa nakubaliana na @premio, those who can afford 6 7 800k can definitely afford to top up 100 or 200k albeit with a slight delay. Even if it passes I bet there won't be any reduction in the number of imports.
shida ni the cash won't make a difference in the states coffers, it might as well end up making a personal difference elsewhere.
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MaichBlack
#15 Posted : Sunday, June 21, 2015 7:52:11 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,841
premio wrote:
Tax of a car comprises of excise duty 20% import duty 25% and vat 16%. Of the customs value. A 2008/5 allion has an excise duty of 82345. That will rise to 200k and will impact on vat so on average the allion will cost 135k more. A 2008 Toyota Rav4 with an excise duty of 193000 will rise by a meagre 7000 so basicaly its punishing the poor the vitz demio axio allion premio and all cars currently costing below 1.5m will rise by btn 100-150k whereas the Toyota Landcruiser prado the mheshimiwas drive will be untouched

@Premio - The exercise duty for Prados, Mercedes, Range Rovers etc. will actually REDUCE!!!

If a mheshimiwa/cowboy contractor bought a less than 3 year old 5 million car, they would have paid a million bob in exercise duty. Now they will pay 150k!!! The poor will be paying taxes for the rich!!! Even republicans (In the US) would be impressed!!!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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mkeiy
#16 Posted : Sunday, June 21, 2015 10:22:49 AM
Rank: Member

Joined: 1/27/2012
Posts: 851
Location: Nairobi
MaichBlack wrote:
premio wrote:
Tax of a car comprises of excise duty 20% import duty 25% and vat 16%. Of the customs value. A 2008/5 allion has an excise duty of 82345. That will rise to 200k and will impact on vat so on average the allion will cost 135k more. A 2008 Toyota Rav4 with an excise duty of 193000 will rise by a meagre 7000 so basicaly its punishing the poor the vitz demio axio allion premio and all cars currently costing below 1.5m will rise by btn 100-150k whereas the Toyota Landcruiser prado the mheshimiwas drive will be untouched

@Premio - The exercise duty for Prados, Mercedes, Range Rovers etc. will actually REDUCE!!!

If a mheshimiwa/cowboy contractor bought a less than 3 year old 5 million car, they would have paid a million bob in exercise duty. Now they will pay 150k!!! The poor will be paying taxes for the rich!!! Even republicans (In the US) would be impressed!!!


My take. The excise duty amount will be the higher of the 200k,or the 20% of customs value, whichever would be higher.

I don't think one importing a Maserati would pay the same excise duty, as someone buying the Indian Nano,if the cars were of the same age.

With the taxman, it's always the higher of the two.

Minimum excise duty payable would 200k but there won't be maximum. The higher the value, the higher the amount.
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WWW
  | | Edit by user: Sunday, June 21, 2015 10:43 AM | Reason: Not specified
mkeiy
#17 Posted : Sunday, June 21, 2015 10:33:43 AM
Rank: Member

Joined: 1/27/2012
Posts: 851
Location: Nairobi
MaichBlack wrote:
premio wrote:
Tax of a car comprises of excise duty 20% import duty 25% and vat 16%. Of the customs value. A 2008/5 allion has an excise duty of 82345. That will rise to 200k and will impact on vat so on average the allion will cost 135k more. A 2008 Toyota Rav4 with an excise duty of 193000 will rise by a meagre 7000 so basicaly its punishing the poor the vitz demio axio allion premio and all cars currently costing below 1.5m will rise by btn 100-150k whereas the Toyota Landcruiser prado the mheshimiwas drive will be untouched

@Premio - The exercise duty for Prados, Mercedes, Range Rovers etc. will actually REDUCE!!!

If a mheshimiwa/cowboy contractor bought a less than 3 year old 5 million car, they would have paid a million bob in exercise duty. Now they will pay 150k!!! The poor will be paying taxes for the rich!!! Even republicans (In the US) would be impressed!!!



Deleted!
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WWW
  | | Edit by user: Sunday, June 21, 2015 10:40 AM | Reason: Not specified
MaichBlack
#18 Posted : Sunday, June 21, 2015 2:19:14 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,841
mkeiy wrote:
MaichBlack wrote:
premio wrote:
Tax of a car comprises of excise duty 20% import duty 25% and vat 16%. Of the customs value. A 2008/5 allion has an excise duty of 82345. That will rise to 200k and will impact on vat so on average the allion will cost 135k more. A 2008 Toyota Rav4 with an excise duty of 193000 will rise by a meagre 7000 so basicaly its punishing the poor the vitz demio axio allion premio and all cars currently costing below 1.5m will rise by btn 100-150k whereas the Toyota Landcruiser prado the mheshimiwas drive will be untouched

@Premio - The exercise duty for Prados, Mercedes, Range Rovers etc. will actually REDUCE!!!

If a mheshimiwa/cowboy contractor bought a less than 3 year old 5 million car, they would have paid a million bob in exercise duty. Now they will pay 150k!!! The poor will be paying taxes for the rich!!! Even republicans (In the US) would be impressed!!!


My take. The excise duty amount will be the higher of the 200k,or the 20% of customs value, whichever would be higher.

I don't think one importing a Maserati would pay the same excise duty, as someone buying the Indian Nano,if the cars were of the same age.

With the taxman, it's always the higher of the two.

Minimum excise duty payable would 200k but there won't be maximum. The higher the value, the higher the amount.

Read the proposal and better yet post the link here.
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Sevian
#19 Posted : Monday, June 22, 2015 9:38:43 PM
Rank: New-farer

Joined: 4/8/2015
Posts: 42
As said above, the higher of the two will apply. You can take that to your local mpesa agent
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jerry
#20 Posted : Monday, June 22, 2015 10:30:37 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Sevian wrote:
As said above, the higher of the two will apply. You can take that to your local mpesa agent

Link?
The opposite of courage is not cowardice, it's conformity.
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