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Flat Rate Excise Duty On Used Motor Vehicles
Rank: Member Joined: 6/17/2010 Posts: 572
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also noted that the VAT payable has also gone up significantly, under the old regime VAT for a seven year old mazda demio was 55,302 in the new regime this has shot up to 78,085 because of this 200k excise duty malarkey '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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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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jimmy1 wrote:Swenani wrote:If a car is expensive(CRSP of Kshs 6M+),then the duty has dropped. Correct. I have confirmed this What have you confirmed? Kindly clarify. The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 2/11/2011 Posts: 240 Location: jamuhuri ya kenya
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jerry wrote:jimmy1 wrote:Swenani wrote:If a car is expensive(CRSP of Kshs 6M+),then the duty has dropped. Correct. I have confirmed this What have you confirmed? Kindly clarify. Someone cleared a Land Rover range Rover Sport HSE, 2720cc, Year 2008 (CRSP value 9671111). Duty was 897k instead of 1.051M
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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jimmy1 wrote:jerry wrote:jimmy1 wrote:Swenani wrote:If a car is expensive(CRSP of Kshs 6M+),then the duty has dropped. Correct. I have confirmed this What have you confirmed? Kindly clarify. Someone cleared a Land Rover range Rover Sport HSE, 2720cc, Year 2008 (CRSP value 9671111). Duty was 897k instead of 1.051M Thanks @jimmy1. However, we need to confirm that the reduction in duty is not due to factors other than "capping of excise duty" at 150k/200k (regardless of durable value). The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 2/11/2011 Posts: 240 Location: jamuhuri ya kenya
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jerry wrote:Thanks @jimmy1. However, we need to confirm that the reduction in duty is not due to factors other than "capping of excise duty" at 150k/200k (regardless of durable value). Which factors do you have in mind?
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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Duty on the popular. models, Toyota Belta (1290cc), Toyota Premio (1490cc) and Honda Fit (1290cc) was up by Sh98,001, Sh124,000 and Sh145,291 respectively. Luxury cars like Range Rovers and Mercedes Benz, which account for a small share of all vehicle imports, however saw their excise taxes drop by up to Sh1 million.linkAnd we say the govt wants common Mwananchi to prosper, that's kenya for you
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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enyands wrote: Duty on the popular. models, Toyota Belta (1290cc), Toyota Premio (1490cc) and Honda Fit (1290cc) was up by Sh98,001, Sh124,000 and Sh145,291 respectively. Luxury cars like Range Rovers and Mercedes Benz, which account for a small share of all vehicle imports, however saw their excise taxes drop by up to Sh1 million.linkAnd we say the govt wants common Mwananchi to prosper, that's kenya for you "The excise taxes are set to rise each year at a rate matching inflation and it remains to be seen what impact that will have on demand for vehicles in the coming years." The opposite of courage is not cowardice, it's conformity.
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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jerry wrote:enyands wrote: Duty on the popular. models, Toyota Belta (1290cc), Toyota Premio (1490cc) and Honda Fit (1290cc) was up by Sh98,001, Sh124,000 and Sh145,291 respectively. Luxury cars like Range Rovers and Mercedes Benz, which account for a small share of all vehicle imports, however saw their excise taxes drop by up to Sh1 million.linkAnd we say the govt wants common Mwananchi to prosper, that's kenya for you "The excise taxes are set to rise each year at a rate matching inflation and it remains to be seen what impact that will have on demand for vehicles in the coming years." What makes me annoyed is that they have increased the rate for common Mwananchi and not only have they made it same rate for high end cars that are fuel inefficient and environmentally unfriendly ,they have reduced the price. Feels like telling people you have to be rich or else punished for not. Someone's not reasoning somewhere
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Rank: Elder Joined: 12/25/2014 Posts: 2,301 Location: kenya
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jerry wrote:enyands wrote: Duty on the popular. models, Toyota Belta (1290cc), Toyota Premio (1490cc) and Honda Fit (1290cc) was up by Sh98,001, Sh124,000 and Sh145,291 respectively. Luxury cars like Range Rovers and Mercedes Benz, which account for a small share of all vehicle imports, however saw their excise taxes drop by up to Sh1 million.linkAnd we say the govt wants common Mwananchi to prosper, that's kenya for you "The excise taxes are set to rise each year at a rate matching inflation and it remains to be seen what impact that will have on demand for vehicles in the coming years." What makes me annoyed is that they have increased the rate for common Mwananchi and not only have they made it same rate for high end cars that are fuel inefficient and environmentally unfriendly ,they have reduced the price. Feels like telling people you have to be rich or else punished for not. Someone's not reasoning somewhere.sounds selfish
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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enyands wrote: Duty on the popular. models, Toyota Belta (1290cc), Toyota Premio (1490cc) and Honda Fit (1290cc) was up by Sh98,001, Sh124,000 and Sh145,291 respectively. Luxury cars like Range Rovers and Mercedes Benz, which account for a small share of all vehicle imports, however saw their excise taxes drop by up to Sh1 million.linkAnd we say the govt wants common Mwananchi to prosper, that's kenya for you Prosper by importing second hand cars which pollutes enevironment? Excise duty is meant to discourage consumption of harmful goods/services that's why it's called sin tax. Common mwananchi is not worried about owning a car but having accommodation, food and cothing If Obiero did it, Who Am I?
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Flat Rate Excise Duty On Used Motor Vehicles
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