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Flat Rate Excise Duty On Used Motor Vehicles
sizzla
#71 Posted : Thursday, June 09, 2016 7:33:20 AM
Rank: Member

Joined: 6/10/2006
Posts: 201
Location: Nairobi
sqft wrote:
KulaRaha wrote:
when is the new rate applicable?


Midnight tonight just like pombe used to go up at midnight.smile



Unfortunately its not same as pombe since the law was amended and passed in parliament to add this excise amount. Same process has to be done to reverse the law...
KulaRaha
#72 Posted : Thursday, June 09, 2016 8:00:07 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
sizzla wrote:
sqft wrote:
KulaRaha wrote:
when is the new rate applicable?


Midnight tonight just like pombe used to go up at midnight.smile



Unfortunately its not same as pombe since the law was amended and passed in parliament to add this excise amount. Same process has to be done to reverse the law...


Hope it in August as I have an import en route bah!
Business opportunities are like buses,there's always another one coming
MaichBlack
#73 Posted : Thursday, June 09, 2016 8:33:57 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,841
sizzla wrote:
sqft wrote:
KulaRaha wrote:
when is the new rate applicable?


Midnight tonight just like pombe used to go up at midnight.smile



Unfortunately its not same as pombe since the law was amended and passed in parliament to add this excise amount. Same process has to be done to reverse the law...

Parliament had last time refused to pass that bill (Or rather amended that section) and the president took the bill back to parliament. Now they take it back again so that whatever they insisted on and parliament had disagreed on can be reversed!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
streetwise
#74 Posted : Thursday, June 09, 2016 8:35:55 AM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
Does this apply to the Nema and NCA levies as well i.e are they effective from midningt last night ?
bartum
#75 Posted : Thursday, June 09, 2016 10:31:23 AM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
The standard says it will cost 20% more to import and business daily says it will revert to pre Dec 2015.now which is which and where can I see or get correct info
bartum
#76 Posted : Thursday, June 09, 2016 10:36:11 AM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
What is the duty of importing CCTV camera I need some
bartum
#77 Posted : Thursday, June 09, 2016 10:47:23 AM
Rank: Veteran

Joined: 8/11/2010
Posts: 1,011
Location: nairobi
Mr. Speaker, last year I introduced excise duty on motor vehicles based on the age of the vehicles at a specific rate. This has been perceived to be unfair, inequitable and punitive to importers of vehicles commonly imported by low income earners but beneficial to importers of luxurious vehicles. In order to address the situation, I propose to amend the Excise Duty Act, 2015 to remove specific rate of duty and introduce advalorem rate of 20% based on the value of the vehicle"
madollar
#78 Posted : Thursday, June 09, 2016 12:09:55 PM
Rank: Veteran

Joined: 11/17/2009
Posts: 2,040
Location: GA
sitaki.kujulikana wrote:
Othelo wrote:
sqft wrote:
MaichBlack wrote:
sqft wrote:
Flat rate excise duty (200k) on used cars scrapped "to help those importing cheaper cars". Link Budget.

And replaced with what???

They needed to experiment to know this was a Bullcrap idea?? Haki Kenya kuna mchezo!

Effective when?? Kama mtu yuko na ka prado high seas, hatalipa a ka lose 200k??


Back to the old 20% of value. Kama zamani.

This boys did not go to basic tax classes or it is a case of degree ni harambee smile

the thinking might have been based on the numbers back then, I don't know maybe they noticed you are better collecting tax from many poor people than asking the rich guys to take their cars they noticed you are better collecting tax from many poor people than asking the rich guys to take their cars for for verification.


Laughing out loudly Laughing out loudly Laughing out loudly
lakini kuna watu watachomeka .A KCH going for 700,000 while KCFs and KCGs going for a million given most are still in stock Sad
Swenani
#79 Posted : Thursday, June 09, 2016 12:15:34 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
madollar wrote:
sitaki.kujulikana wrote:
Othelo wrote:
sqft wrote:
MaichBlack wrote:
sqft wrote:
Flat rate excise duty (200k) on used cars scrapped "to help those importing cheaper cars". Link Budget.

And replaced with what???

They needed to experiment to know this was a Bullcrap idea?? Haki Kenya kuna mchezo!

Effective when?? Kama mtu yuko na ka prado high seas, hatalipa a ka lose 200k??


Back to the old 20% of value. Kama zamani.

This boys did not go to basic tax classes or it is a case of degree ni harambee smile

the thinking might have been based on the numbers back then, I don't know maybe they noticed you are better collecting tax from many poor people than asking the rich guys to take their cars they noticed you are better collecting tax from many poor people than asking the rich guys to take their cars for for verification.


Laughing out loudly Laughing out loudly Laughing out loudly
lakini kuna watu watachomeka .A KCH going for 700,000 while KCFs and KCGs going for a million given most are still in stock Sad


These changes wont take effect immediately, the 2015 excise duty act has to be amended, I suspect the earliest will be in Dec 2016.
If Obiero did it, Who Am I?
MaichBlack
#80 Posted : Thursday, June 09, 2016 12:31:24 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,841
Swenani wrote:
madollar wrote:
sitaki.kujulikana wrote:
Othelo wrote:
sqft wrote:
MaichBlack wrote:
sqft wrote:
Flat rate excise duty (200k) on used cars scrapped "to help those importing cheaper cars". Link Budget.

And replaced with what???

They needed to experiment to know this was a Bullcrap idea?? Haki Kenya kuna mchezo!

Effective when?? Kama mtu yuko na ka prado high seas, hatalipa a ka lose 200k??


Back to the old 20% of value. Kama zamani.

This boys did not go to basic tax classes or it is a case of degree ni harambee smile

the thinking might have been based on the numbers back then, I don't know maybe they noticed you are better collecting tax from many poor people than asking the rich guys to take their cars they noticed you are better collecting tax from many poor people than asking the rich guys to take their cars for for verification.


Laughing out loudly Laughing out loudly Laughing out loudly
lakini kuna watu watachomeka .A KCH going for 700,000 while KCFs and KCGs going for a million given most are still in stock Sad


These changes wont take effect immediately, the 2015 excise duty act has to be amended, I suspect the earliest will be in Dec 2016.

And who will be importing between now and then?? Who would be willing to take the risk?

I suspect 6 to 8 weeks tops!!
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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