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Flat Rate Excise Duty On Used Motor Vehicles
Rank: Elder Joined: 9/29/2006 Posts: 2,570
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mkeiy wrote:MaichBlack wrote:premio wrote: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 @Premio - The exercise duty for Prados, Mercedes, Range Rovers etc. will actually REDUCE!!! If a mheshimiwa/cowboy contractor bought a less than 3 year old 5 million car, they would have paid a million bob in exercise duty. Now they will pay 150k!!! The poor will be paying taxes for the rich!!! Even republicans (In the US) would be impressed!!! My take. The excise duty amount will be the higher of the 200k,or the 20% of customs value, whichever would be higher. I don't think one importing a Maserati would pay the same excise duty, as someone buying the Indian Nano,if the cars were of the same age. With the taxman, it's always the higher of the two. Minimum excise duty payable would 200k but there won't be maximum. The higher the value, the higher the amount. It's an easy to understand concept. The CS/GoK is encouraging us to buy "newer" vehicles and hence excise duty is fixed at either 150k or 200k. There is no "higher of" whatever else. See this quote from the link below it. "The used units currently attract lower taxes compared to new ones but the Treasury plans to start imposing higher rates on the old units to lower carbon emissions and boost efficiency in fuel consumption." http://www.businessdaily...14/-/71jqme/-/index.html The opposite of courage is not cowardice, it's conformity.
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Rank: Member Joined: 1/27/2012 Posts: 851 Location: Nairobi
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jerry wrote:mkeiy wrote:MaichBlack wrote:[quote=premio]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 @Premio - The exercise duty for Prados, Mercedes, Range Rovers etc. will actually REDUCE!!! If a mheshimiwa/cowboy contractor bought a less than 3 year old 5 million car, they would have paid a million bob in exercise duty. Now they will pay 150k!!! The poor will be paying taxes for the rich!!! Even republicans (In the US) would be impressed!!! My take. The excise duty amount will be the higher of the 200k,or the 20% of customs value, whichever would be higher. I don't think one importing a Maserati would pay the same excise duty, as someone buying the Indian Nano,if the cars were of the same age. With the taxman, it's always the higher of the two. Minimum excise duty payable would 200k but there won't be maximum. The higher the value, the higher the amount. It's an easy to understand concept. The CS/GoK is encouraging us to buy "newer" vehicles and hence excise duty is fixed at either 150k or 200k. There is no "higher of" whatever else. See this quote from the link below it. "The used units currently attract lower taxes compared to new ones but the Treasury plans to start imposing higher rates on the old units to lower carbon emissions and boost efficiency in fuel consumption." http://www.businessdaily...4/-/71jqme/-/index.html[/quote] @jerry. Your business daily link, what is it talking about? Watch out when quoting some sources. Really? So if i buy two cars, both two years old, one being Indian Nano valued at let's say 2,000 USD and the other being a Maserati valued at 80,000 USD, i'll pay same amount for both cars?
What would be the reason and benefit to the government for such a move?
My common sense on matters taxation tells me, the higher of the two. There is a budget to meet,why would the gov't give "tax breaks"?
Example, a seven year old Maserati valued at 8,000 USD would be charged the fixed excise duty amount.
But,,,,
A two year old Maserati valued at 80,000 USD would be charged the 20% for excise duty.
I rest my case.
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Rank: Elder Joined: 12/25/2014 Posts: 2,300 Location: kenya
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mkeiy wrote:jerry wrote:mkeiy wrote:MaichBlack wrote:[quote=premio]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 @Premio - The exercise duty for Prados, Mercedes, Range Rovers etc. will actually REDUCE!!! If a mheshimiwa/cowboy contractor bought a less than 3 year old 5 million car, they would have paid a million bob in exercise duty. Now they will pay 150k!!! The poor will be paying taxes for the rich!!! Even republicans (In the US) would be impressed!!! My take. The excise duty amount will be the higher of the 200k,or the 20% of customs value, whichever would be higher. I don't think one importing a Maserati would pay the same excise duty, as someone buying the Indian Nano,if the cars were of the same age. With the taxman, it's always the higher of the two. Minimum excise duty payable would 200k but there won't be maximum. The higher the value, the higher the amount. It's an easy to understand concept. The CS/GoK is encouraging us to buy "newer" vehicles and hence excise duty is fixed at either 150k or 200k. There is no "higher of" whatever else. See this quote from the link below it. "The used units currently attract lower taxes compared to new ones but the Treasury plans to start imposing higher rates on the old units to lower carbon emissions and boost efficiency in fuel consumption." http://www.businessdaily...4/-/71jqme/-/index.html[/quote] Really? So if i buy two cars, both two years old, one being Indian Nano valued at let's say 2,000 USD and the other being a Maserati valued at 80,000 USD, i'll pay same amount for both cars? What would be the reason and benefit to the government for such a move?My common sense on matters taxation tells me, the higher of the two. There is a budget to meet,why would they give "tax breaks"? I rest my case. common sense reason is to discourage guy's wa many small cars from causing endless jams to guys of big machines .so either walk or carpool on buses or mats. Why talk of ccarbon emissions and the govt Has worse environmental white elephant monster on the way called " nuclear ambition"
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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I have a nissan vanette NV200 1600cc petrol 2009/7 which will land by mid July, how much is duty and other surcharge
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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bartum wrote:I have a nissan vanette NV200 1600cc petrol 2009/7 which will land by mid July, how much is duty and other surcharge @premio and others where are you
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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I also have a couple of cars incoming, mid July & mid August. This tax comes into effect after it has been passed, right? Business opportunities are like buses,there's always another one coming
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Rank: Veteran Joined: 11/19/2010 Posts: 1,308 Location: nairobi metropolitan
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KulaRaha wrote:I also have a couple of cars incoming, mid July & mid August. This tax comes into effect after it has been passed, right? No, after excise has been passed and assented. I don't know when this will be. Democracy does not belong to the dead
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Rank: Member Joined: 7/17/2014 Posts: 132 Location: Wherethewindblows
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A quick question. Where does KRA get the price of new vehicles? Was doing a comparison online and new cars cost less than the price KRA uses or am i wrong? You have to learn the rules of the game. And then you have to play better than anyone else - Albert Einstein
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Rank: User Joined: 1/20/2014 Posts: 3,528
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githundi wrote:KulaRaha wrote:I also have a couple of cars incoming, mid July & mid August. This tax comes into effect after it has been passed, right? No, after excise has been passed and assented. I don't know when this will be. It was assented to and is effective since yesterday 1st December 2015! Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Member Joined: 6/10/2006 Posts: 201 Location: Nairobi
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doubletap wrote:A quick question. Where does KRA get the price of new vehicles? Was doing a comparison online and new cars cost less than the price KRA uses or am i wrong? It's a cartel between GoK (read KRA) and the local manufacturers/dealers. In a bid to support the industry KRA requests for the retail price of a new model let's assume a TOyota. This commonly known as CRSP (Common Retail Selling Price). Then this figure is discounted depending on age of the vehicle. So whatever price they quote, no matter how absurd, KRA will use this figure.
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Rank: Member Joined: 5/31/2009 Posts: 226
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Finaly no more guesswork its here with us, just like i had predicted my entry for 2008/9 Toyota axio was rejected and a system note indicate i add 119560 on top of the 308792 i was to pay so do your math. no duty coming down minimum excise duty is 200k. Rav4 only increased by 14000 wooii 1000cc Passo hardest hit an extra 175000
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Rank: Member Joined: 5/31/2009 Posts: 226
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2008-09 Toyota Premio @1.7m vs a Brand new NISSAN Almera or A 2015 Toyota corolla 2.3-2.6m the odds are skewed against the used mtush
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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premio wrote:Finaly no more guesswork its here with us, just like i had predicted my entry for 2008/9 Toyota axio was rejected and a system note indicate i add 119560 on top of the 308792 i was to pay so do your math. no duty coming down minimum excise duty is 200k. Rav4 only increased by 14000 wooii 1000cc Passo hardest hit an extra 175000 what are those?Carcinogenic Wheelbarrows or bicycles? If Obiero did it, Who Am I?
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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premio wrote:2008-09 Toyota Premio @1.7m vs a Brand new NISSAN Almera or A 2015 Toyota corolla 2.3-2.6m the odds are skewed against the used mtush The cheaper the car, the higher the impact If a car is expensive(CRSP of Kshs 6M+),then the duty has dropped. This is a good way to get rid of these health hazards on the road driven by bankers and accounts assistants as well as reduce traffic jams If Obiero did it, Who Am I?
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Rank: Veteran Joined: 4/1/2009 Posts: 1,883
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Swenani wrote:premio wrote:2008-09 Toyota Premio @1.7m vs a Brand new NISSAN Almera or A 2015 Toyota corolla 2.3-2.6m the odds are skewed against the used mtush The cheaper the car, the higher the impact If a car is expensive(CRSP of Kshs 6M+),then the duty has dropped. This is a good way to get rid of these health hazards on the road driven by bankers and accounts assistants as well as reduce traffic jams it has not. they are going for the higher of the two. so for those the duty is still the same.
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Rank: Member Joined: 10/26/2008 Posts: 380
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premio wrote:Finaly no more guesswork its here with us, just like i had predicted my entry for 2008/9 Toyota axio was rejected and a system note indicate i add 119560 on top of the 308792 i was to pay so do your math. no duty coming down minimum excise duty is 200k. Rav4 only increased by 14000 wooii 1000cc Passo hardest hit an extra 175000 When was your entry done? After 1st December?
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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AS RECEIVED... Latest Duties as follows ;(1)T.Axio NZE 141 1500cc- 427,234 (2)T.Axio NZE144 1500cc- 443,279 (3)Fielder NZE 144b 1500cc- 418,526 (4)Fielder ZRE142 1800cc- 447,770 (5)Fielder NZE 141 1500cc- 421,451 (6)Probox 1500cc- 354,674 (7)Probox 1300cc- 338,834 (8)Premio 1800cc- 459,154 (9)Wish 1800cc- 434,295 (10)N.NOTE 1500cc- 367,054 (11)TIIDA 1500cc- 404,473 (12)T.latio 1500cc- 413,174 (13)Xtrail NT31 2000cc- 562,054 (14)T.Allion 1800cc- 445,706 (15)Belta 1500cc- 384,260 (16)Belta 1000cc- 335,722 (17)NOAH/ VOXY 2000cc- 402,312 (18)Rav4 ACA30/31 2400cc- 607,866 (19)H.CRV 2400cc- 573,721 (20)H.Fit 1330cc- 382,458 In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Member Joined: 2/11/2011 Posts: 240 Location: jamuhuri ya kenya
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Angelica _ann wrote:AS RECEIVED...
(19)H.CRV 2400cc- 573,721 honda cr-v 2400cc- 584,326
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Rank: Member Joined: 1/27/2012 Posts: 851 Location: Nairobi
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mkenyan wrote:Swenani wrote:premio wrote:2008-09 Toyota Premio @1.7m vs a Brand new NISSAN Almera or A 2015 Toyota corolla 2.3-2.6m the odds are skewed against the used mtush The cheaper the car, the higher the impact If a car is expensive(CRSP of Kshs 6M+),then the duty has dropped. This is a good way to get rid of these health hazards on the road driven by bankers and accounts assistants as well as reduce traffic jams it has not. they are going for the higher of the two. so for those the duty is still the same. Is this confirmed?
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Rank: Member Joined: 2/11/2011 Posts: 240 Location: jamuhuri ya kenya
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Swenani wrote:If a car is expensive(CRSP of Kshs 6M+),then the duty has dropped. Correct. I have confirmed this
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