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Flat Rate Excise Duty On Used Motor Vehicles
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Nobby
#1 Posted : Friday, June 19, 2015 10:10:18 AM
Rank: Member

Joined: 2/8/2007
Posts: 625
Location: Nairobi
Mr Rotich has told us that we will pay Ksh 150,000 to 200,000 excise duty on used motor vehicle or mitumba as they are usually referred to instead of the current 20% on customs value. How will this work ? I think the poor man who can only afford the small cheaper units like Vitz or Nissan Note will be hit very hard coz duty will almost double!! When does it take effect?d'oh! d'oh! d'oh!
The future belongs to those who believe in the beauty of their dreams.
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kiwaru
#2 Posted : Friday, June 19, 2015 10:38:39 AM
Rank: Member

Joined: 8/5/2011
Posts: 125
There is a concept called "whichever is higher". I think that the excise duty will be determined by the figure that is higher between the percentage and the flat rate.
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MaichBlack
#3 Posted : Friday, June 19, 2015 11:26:08 AM
Rank: Elder

Joined: 7/22/2009
Posts: 7,840
kiwaru wrote:
There is a concept called "whichever is higher". I think that the excise duty will be determined by the figure that is higher between the percentage and the flat rate.

Nope! You pay 200k in addition to duty, VAT etc. even if your car cost 2 bob! Hujuma, hujuma, hujuma!!!

Rotich has done his maths and ensured MOST Kenyans will be losers because they import cars that cost less than a million bob!

Link: Tax, tax, tax!!!
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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Nobby
#4 Posted : Friday, June 19, 2015 12:58:08 PM
Rank: Member

Joined: 2/8/2007
Posts: 625
Location: Nairobi
MaichBlack wrote:
kiwaru wrote:
There is a concept called "whichever is higher". I think that the excise duty will be determined by the figure that is higher between the percentage and the flat rate.

Nope! You pay 200k in addition to duty, VAT etc. even if your car cost 2 bob! Hujuma, hujuma, hujuma!!!

Rotich has done his maths and ensured MOST Kenyans will be losers because they import cars that cost less than a million bob!

Link: Tax, tax, tax!!!

who knows how it will work? The other one was rather easy to understand. If the customs value of your car was say Ksh 1000,000/= would be Ksh 250,000 i.e. 20% of the value plus duty of 25%. that simple....
The future belongs to those who believe in the beauty of their dreams.
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jerry
#5 Posted : Friday, June 19, 2015 3:23:39 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Nobby wrote:
MaichBlack wrote:
kiwaru wrote:
There is a concept called "whichever is higher". I think that the excise duty will be determined by the figure that is higher between the percentage and the flat rate.

Nope! You pay 200k in addition to duty, VAT etc. even if your car cost 2 bob! Hujuma, hujuma, hujuma!!!

Rotich has done his maths and ensured MOST Kenyans will be losers because they import cars that cost less than a million bob!

Link: Tax, tax, tax!!!

who knows how it will work? The other one was rather easy to understand. If the customs value of your car was say Ksh 1000,000/= would be Ksh 250,000 i.e. 20% of the value plus duty of 25%. that simple....

Nothing is hard once you get the concept! It's 200k as excise duty for vehicles of over 3yrs old.
The opposite of courage is not cowardice, it's conformity.
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jerry
#6 Posted : Friday, June 19, 2015 3:28:57 PM
Rank: Elder

Joined: 9/29/2006
Posts: 2,570
Nobby wrote:
Mr Rotich has told us that we will pay Ksh 150,000 to 200,000 excise duty on used motor vehicle or mitumba as they are usually referred to instead of the current 20% on customs value. How will this work ? I think the poor man who can only afford the small cheaper units like Vitz or Nissan Note will be hit very hard coz duty will almost double!! When does it take effect?d'oh! d'oh! d'oh!

Parliament will be needed for approval and since it favours "masonko" you can be sure it will go through.
The opposite of courage is not cowardice, it's conformity.
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MaichBlack
#7 Posted : Friday, June 19, 2015 5:36:53 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,840
jerry wrote:
Nobby wrote:
Mr Rotich has told us that we will pay Ksh 150,000 to 200,000 excise duty on used motor vehicle or mitumba as they are usually referred to instead of the current 20% on customs value. How will this work ? I think the poor man who can only afford the small cheaper units like Vitz or Nissan Note will be hit very hard coz duty will almost double!! When does it take effect?d'oh! d'oh! d'oh!

Parliament will be needed for approval and since it favours "masonko" you can be sure it will go through.

A fellow importing a 2014 Range Rover pays 150k while the one importing a 2008 Vitz pays 200k!!!
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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Lolest!
#8 Posted : Friday, June 19, 2015 8:07:00 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Govt wants taxes

Govt wants to control mitumba imports

Nice plan hittin both birds
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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jaggernaut
#9 Posted : Friday, June 19, 2015 10:43:23 PM
Rank: Elder

Joined: 10/9/2008
Posts: 5,389
MaichBlack wrote:
jerry wrote:
Nobby wrote:
Mr Rotich has told us that we will pay Ksh 150,000 to 200,000 excise duty on used motor vehicle or mitumba as they are usually referred to instead of the current 20% on customs value. How will this work ? I think the poor man who can only afford the small cheaper units like Vitz or Nissan Note will be hit very hard coz duty will almost double!! When does it take effect?d'oh! d'oh! d'oh!

Parliament will be needed for approval and since it favours "masonko" you can be sure it will go through.

A fellow importing a 2014 Range Rover pays 150k while the one importing a 2008 Vitz pays 200k!!!

Aren't you the same people who have been complaining that the govt punishes people who import newer less polluting cars?
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premio
#10 Posted : Saturday, June 20, 2015 7:15:26 AM
Rank: Member

Joined: 5/31/2009
Posts: 226
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
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