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Warning to car buyers KRA raises Premio duty
mugo2of3
#11 Posted : Wednesday, August 20, 2014 5:35:20 PM
Rank: New-farer

Joined: 5/22/2014
Posts: 78
+1 @mnjoro; the CRSP was a very well thought out method of determining taxation. Otherwise we would have a very chaotic system on top of the problems that we currently face.

As for the Premio taxation, what I know is that the new CRSP matches the KE showrooms valuation. The old prices have been around for some time and those that have used them so far were lucky.

This is similar to what happened to the Corolla, the Axio is a direct replacement of the NZE with a CRSP of about 3.4M, that's a difference of around 1M.
nakujua
#12 Posted : Wednesday, August 20, 2014 9:53:58 PM
Rank: Elder

Joined: 12/17/2009
Posts: 3,583
Location: Kenya
mugo2of3 wrote:
+1 @mnjoro; the CRSP was a very well thought out method of determining taxation. Otherwise we would have a very chaotic system on top of the problems that we currently face.

As for the Premio taxation, what I know is that the new CRSP matches the KE showrooms valuation. The old prices have been around for some time and those that have used them so far were lucky.

This is similar to what happened to the Corolla, the Axio is a direct replacement of the NZE with a CRSP of about 3.4M, that's a difference of around 1M.

shida there are some lazy bums huko kra who can't update the list with all the cars that can be imported into the country, especially considering we only have one major, one minor and a couple inconsequential sources of right hand drive used vehicles in the whole world.
maka
#13 Posted : Thursday, August 21, 2014 7:58:47 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Just asking thought they change CRSP for all car models not just a particular brand.
possunt quia posse videntur
premio
#14 Posted : Thursday, August 21, 2014 11:09:47 AM
Rank: Member

Joined: 5/31/2009
Posts: 226
Premio taxation has always been derived from the crsp of the Toyota Camry my beef with KRA is that it shouldnt have been effective immediately to enable importers plan for the increase for example my premio hits port on 28th august i was importing for a client on an already agreed price now my new cost is +100000kes which is unfair. Effective date should have been 1st october. We are partly paying a price for devolution that isnt working as it should be
premio
#15 Posted : Thursday, August 21, 2014 11:23:03 AM
Rank: Member

Joined: 5/31/2009
Posts: 226
For those asking about using invoice to calculate vehicle taxation KRA uses both invoice and the crsp but picks whichever is higher. Try use a bogus agent and file entry using the actual invoice you paid for if invoice amount gives them higher amount than crsp they go for the invoice. CRSP brought about uniformity and enforced a minimum tax payable for any particular car. My only beef with KRA is changing the crsp midway without notice
premio
#16 Posted : Thursday, August 21, 2014 11:26:33 AM
Rank: Member

Joined: 5/31/2009
Posts: 226
mugo2of3 wrote:
+1 @mnjoro; the CRSP was a very well thought out method of determining taxation. Otherwise we would have a very chaotic system on top of the problems that we currently face.

As for the Premio taxation, what I know is that the new CRSP matches the KE showrooms valuation. The old prices have been around for some time and those that have used them so far were lucky.

This is similar to what happened to the Corolla, the Axio is a direct replacement of the NZE with a CRSP of about 3.4M, that's a difference of around 1M.


Suprisingly the axio 1500cc went down from 386000 to 303000 for good month 2007
vky
#17 Posted : Thursday, August 21, 2014 11:39:56 AM
Rank: Member

Joined: 6/17/2010
Posts: 572
premio wrote:
For those asking about using invoice to calculate vehicle taxation KRA uses both invoice and the crsp but picks whichever is higher. Try use a bogus agent and file entry using the actual invoice you paid for if invoice amount gives them higher amount than crsp they go for the invoice. CRSP brought about uniformity and enforced a minimum tax payable for any particular car. My only beef with KRA is changing the crsp midway without notice


I have been in such a situation on three occasions with the latest one being when I imported a car whose crsp was about 3.2m and so quoted to the buyer a price we agreed on but when the ship came shock on me the crsp had shot up to 4.75m and what made it worse this was the crsp for a better spec premium version of the make and model I was importing while mine was a grade lower spec wise, this is why that list should go, it arbitrary, unreliable, inconclusive and unpredictable, we can't have that in the market place
'One headache for famous medieval holy people was that someone might murder you to acquire your body parts for the relics trade'
mnjoro
#18 Posted : Thursday, August 21, 2014 11:49:35 AM
Rank: Member

Joined: 2/21/2009
Posts: 573
@VKY don,t be sure even by using valuers abroad will exonerate you from paying more taxes as they demand.They used to uplift even when we used to have the Clean Report of Findings them days.After all that report will always have very small writings indicating customs have the right to adjust.
Edyj
#19 Posted : Thursday, August 21, 2014 12:29:39 PM
Rank: Member

Joined: 6/15/2010
Posts: 126
Any other models that have changed?
"The trouble with not having a goal is that you can spend your life running up and down the field and never score". - Bill Copeland

vky
#20 Posted : Thursday, August 21, 2014 12:59:06 PM
Rank: Member

Joined: 6/17/2010
Posts: 572
premio wrote:
For those asking about using invoice to calculate vehicle taxation KRA uses both invoice and the crsp but picks whichever is higher. Try use a bogus agent and file entry using the actual invoice you paid for if invoice amount gives them higher amount than crsp they go for the invoice. CRSP brought about uniformity and enforced a minimum tax payable for any particular car. My only beef with KRA is changing the crsp midway without notice


on that one i dont think so, earlier this year i shipped in a 2008 renualt laguna whose customs value according to the crsp and valuation spreads by KRA was ksh 388,690 bringing the taxes payable to about 306k on the other hand the invoice value of this car was 5,895 pounds(795,825) but KRA used their crsp to calculate the taxes and not the invoice value which was higher
'One headache for famous medieval holy people was that someone might murder you to acquire your body parts for the relics trade'
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