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Flat Rate Excise Duty On Used Motor Vehicles
Rank: Member Joined: 3/3/2016 Posts: 132
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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. Might have to do with a 24% drop in car imports Jan-Apr 2016 compared to 2015. Page 51 from this KNBS data http://knbs.or.ke/index....131:2016&Itemid=599
Kenyans are quite price sensitive. Government learning how much so.
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Rank: Elder Joined: 7/22/2009 Posts: 7,841
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Plimsoul 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. Might have to do with a 24% drop in car imports Jan-Apr 2016 compared to 2015. Page 51 from this KNBS data http://knbs.or.ke/index....131:2016&Itemid=599
Kenyans are quite price sensitive. Government learning how much so. But it would have at least made people buy cars that are have already been used in Kenya and learn to maintain and give them some TLC. We would have people driving nice looking and we'll maintained KVJs like they do in Cuba. Sio ma KCF kila mahali!!! 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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Rank: Veteran Joined: 11/19/2010 Posts: 1,308 Location: nairobi metropolitan
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Plimsoul 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. Might have to do with a 24% drop in car imports Jan-Apr 2016 compared to 2015. Page 51 from this KNBS data http://knbs.or.ke/index....131:2016&Itemid=599
Kenyans are quite price sensitive. Government learning how much so. I thought so...which had led to reduction in taxes. The other reasons given in the budget was just a smoke screen. Democracy does not belong to the dead
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Rank: Veteran Joined: 11/19/2010 Posts: 1,308 Location: nairobi metropolitan
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The increase in fuel levy from shs 12 to shs 18 is the trick for this year. It is the surest way to collect more taxes Democracy does not belong to the dead
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Rank: New-farer Joined: 5/22/2014 Posts: 78
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Plimsoul 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. Might have to do with a 24% drop in car imports Jan-Apr 2016 compared to 2015. Page 51 from this KNBS data http://knbs.or.ke/index....131:2016&Itemid=599
Kenyans are quite price sensitive. Government learning how much so. True that, we used to go through a No. Plate series in 3-4 months. KCF(V) was in November last year and we are just starting KCH now... Instead of allowing the local 2nd- (I mean 3rd-) hand cars to become more expensive, the Gov't would rather continue with the old Tax regime and get more taxes. Ignore the nonsense about pro-poor vs pro-rich, these guys are not interested in that stuff
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Rank: Member Joined: 5/13/2008 Posts: 51
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A clearing agent tells me system already updated with new rate, KRA website also has a new duty calculation template reflecting the changes.
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Capri wrote:A clearing agent tells me system already updated with new rate, KRA website also has a new duty calculation template reflecting the changes. Yap. Kusema na kutenda. Wachana na those saying that this matter must be sorted via parliament I.e amending laws in December.
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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hardwood wrote:Capri wrote:A clearing agent tells me system already updated with new rate, KRA website also has a new duty calculation template reflecting the changes. Yap. Kusema na kutenda. Wachana na those saying that this matter must be sorted via parliament I.e amending laws in December. A nissan teanna 2009 model buying at a cost of 400,000 from japan I'll end up paying 450,000 taxes and if I add the clearing agent fee it will be 500,000!!!!! Value of taxes is more price of the car ? Kweli this is a tax financed economy car import tax calculator
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Rank: New-farer Joined: 5/15/2015 Posts: 26
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I used the calculator from KRA website today for a
Toyota Corolla Fielder Date January 2009
Depreciation 70% <---was auto generated
Engine capacity 1490 <-- was auto generated
And the following was the output:
Question:
1.) The excise duty shows 200,000k. Is this normal? If they removed 200k excise tax, shouldn't ' it be lower?
2.) what is custom value vs VAT value?
Current Retail Selling Price (CRSP) KSh 2,450,000.00
Custom Value KSh 337,931.03
Import Duty KSh 84,482.76
Excise Duty KSh 200,000.00
VAT Value KSh 622,413.79
VAT Duty KSh 99,586.21
Total Taxes KSh 384,068.97
Import Declaration Fee (IDF) KSh 7,603.45
Railways Development Levy KSh 5,068.97
Registration Fee KSh 7,360.00
Total Amount KSh 404,101.38
Grand Total Port Charges KSh 27,787.00
MSS Levy (Maritime Surcharge Levy) KSh 1,681.00
Clearing & Freight Forwarding Cost KSh 15,000.00
Shipping Delivery Order Fee KSh 8,401.00
Estimated Total Cost Of Duty & Clearing KSh 456,970.3
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Rank: Member Joined: 6/10/2006 Posts: 201 Location: Nairobi
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kimugaman wrote:I used the calculator from KRA website today for a
Toyota Corolla Fielder Date January 2009
Depreciation 70% <---was auto generated
Engine capacity 1490 <-- was auto generated
And the following was the output:
Question:
1.) The excise duty shows 200,000k. Is this normal? If they removed 200k excise tax, shouldn't ' it be lower?
2.) what is custom value vs VAT value?
Current Retail Selling Price (CRSP) KSh 2,450,000.00
Custom Value KSh 337,931.03
Import Duty KSh 84,482.76
Excise Duty KSh 200,000.00
VAT Value KSh 622,413.79
VAT Duty KSh 99,586.21
Total Taxes KSh 384,068.97
Import Declaration Fee (IDF) KSh 7,603.45
Railways Development Levy KSh 5,068.97
Registration Fee KSh 7,360.00
Total Amount KSh 404,101.38
Grand Total Port Charges KSh 27,787.00
MSS Levy (Maritime Surcharge Levy) KSh 1,681.00
Clearing & Freight Forwarding Cost KSh 15,000.00
Shipping Delivery Order Fee KSh 8,401.00
Estimated Total Cost Of Duty & Clearing KSh 456,970.3 Used the new valuation template to calculate duty for a Hilux Surf landing this week. Duty comes to 466,500 at 70% depreciation.
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