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Flat Rate Excise Duty On Used Motor Vehicles
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kimugaman
#101 Posted : Monday, June 13, 2016 7:28:37 PM
Rank: New-farer


Joined: 5/15/2015
Posts: 26
bartum wrote:
enyands wrote:
bartum wrote:
There is a van Iam clearing entry was done on 9 June showing duty of 396k but on 10 June the duty changed to 228k but I had to pay 396k, bad for me



So Bartum what was to be waived off if you were to pay on June 10th? Was it vat,or excise or which tax that's going to be scrapped off ?I'm short how's your breakdown

I paid customs 81800, excise 200,000 and vat 96,000
I would have been approx 80k, 80k and 76k respectively


So it hasn't changed yet. Those quoting their agents will probably be in for a big surprise when their vehicles arrive.
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jimmy1
#102 Posted : Monday, June 13, 2016 7:45:23 PM
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Posts: 240
Location: jamuhuri ya kenya
bartum wrote:
There is a van Iam clearing entry was done on 9 June showing duty of 396k but on 10 June the duty changed to 228k but I had to pay 396k, bad for me

You could have waited for 1 week for the entry to automatically expire, then apply afresh and pay less
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bartum
#103 Posted : Tuesday, June 14, 2016 12:46:56 PM
Rank: Veteran


Joined: 8/11/2010
Posts: 1,011
Location: nairobi
jimmy1 wrote:
bartum wrote:
There is a van Iam clearing entry was done on 9 June showing duty of 396k but on 10 June the duty changed to 228k but I had to pay 396k, bad for me

You could have waited for 1 week for the entry to automatically expire, then apply afresh and pay less

I paid immidiately
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hardwood
#104 Posted : Wednesday, June 15, 2016 12:47:41 PM
Rank: Elder


Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
githundi wrote:
Guys be serious. ..Excise duty can't change. ...won't change until finance bill is passed somewhere in December


http://www.businessdaily...1/-/4igbsl/-/index.html
C&P
Thursday also marked the re-introduction of a 20 per cent excise duty on importation of motor-vehicles as opposed to the fixed fee of Sh150,000 for cars aged less than three years and Sh200,000 for those older than three years.

The new valuation formula caught importers of high-end vehicles aged less than three years by surprise as they were immediately required to pay significantly higher duty beginning last Friday morning.

“Imported vehicles which were cleared on Thursday were taxed based on the old rates that relied on age,” the secretary-general of the Kenya AutoBazaar, Charles Munyori, told the Business Daily.

Mr Munyori said individuals whose expensive, relatively new vehicles such as Toyota V8 were cleared Friday morning were asked to pay excise duty of Sh1.1 million — representing a steep and sudden increase from the previous Sh200,000.
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Mseto binti
#105 Posted : Tuesday, June 21, 2016 12:45:25 PM
Rank: Member


Joined: 3/9/2012
Posts: 144

*Cicero of the Roman Empire wrote this about the situation during his lifetime:*


1. The poor, work and work.
2. The rich exploit the poor.
3.The soldier protects both.
4.The TAXPAYER,pays for all three.
5.The wanderer, rests for all four.
6.The drunk,drinks for all five.
7.The banker,robs all six.
8.The lawyer, misleads all seven.
9.The doctor,bills all eight.
10.The undertaker,buries all nine.
11.The POLITICIAN lives happily on account of all ten.

*written in 43 B.C.,but valid even today*Pray Pray Think Think Think
I found meaningful work🤓
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Intelligentsia
#106 Posted : Tuesday, June 21, 2016 12:54:25 PM
Rank: Elder


Joined: 10/1/2009
Posts: 2,436
Anyone with a simple calculator of how to get the at-your-doorway cost of a car frm Japan?
For instance if I import fr myself a V8 how much will it cost if it is 40,000 USD cif. I see prices from around 6.5m in Nbi with dealer's mark-up included of course. How much do i save
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hardwood
#107 Posted : Tuesday, June 21, 2016 1:18:50 PM
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Joined: 7/28/2015
Posts: 9,562
Location: Rodi Kopany, Homa Bay
Intelligentsia wrote:
Anyone with a simple calculator of how to get the at-your-doorway cost of a car frm Japan?
For instance if I import fr myself a V8 how much will it cost if it is 40,000 USD cif. I see prices from around 6.5m in Nbi with dealer's mark-up included of course. How much do i save


http://calculator.co.ke/...-import-duty-calculator

Then you add the CIF cost.
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KulaRaha
#108 Posted : Tuesday, June 21, 2016 1:30:12 PM
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Joined: 7/26/2007
Posts: 6,514
Just one importer goes to court and this excise change will reverse until passed legally.
Business opportunities are like buses,there's always another one coming
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kimugaman
#109 Posted : Tuesday, June 21, 2016 2:40:06 PM
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Joined: 5/15/2015
Posts: 26
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



Today, June 20th I put in same particulars as I did 2 weeks ago (see above) and noticed that the Excise duty that was previously 200,000 is now 84,482.76. So it is "official" per their website calculator.


Current Retail Selling Price (CRSP) KSh 2,450,000.00
Custom Value KSh 337,931.03
Import Duty KSh 84,482.76
Excise Value KSh 422,413.79
Excise Duty KSh 84,482.76
VAT Value KSh 506,896.55
VAT Duty KSh 81,103.45
Total Taxes KSh 250,068.97
Import Declaration Fee (IDF) KSh 7,603.45
Railways Development Levy KSh 5,068.97
Registration Fee KSh 7,360.00
Total Amount KSh 270,101.38
Total Port Charges KSh 27,787.00
Maritime Surcharge Levy (MSS 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 322,970.38
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hardwood
#110 Posted : Tuesday, June 21, 2016 3:06:23 PM
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Posts: 9,562
Location: Rodi Kopany, Homa Bay
KulaRaha wrote:
Just one importer goes to court and this excise change will reverse until passed legally.


Wacha fitina. Why are you sooo much opposed to the duty going down? Can you declare your interest in this matter?
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Mseto binti
#111 Posted : Tuesday, June 21, 2016 8:40:36 PM
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Joined: 3/9/2012
Posts: 144

Anxious Anxious Anxious Anxious ..with all this in mind would it be prudent to get into business of buying and selling cars?..#askingforafriend
I found meaningful work🤓
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kimugaman
#112 Posted : Wednesday, June 22, 2016 12:13:08 AM
Rank: New-farer


Joined: 5/15/2015
Posts: 26
hardwood wrote:
KulaRaha wrote:
Just one importer goes to court and this excise change will reverse until passed legally.


Wacha fitina. Why are you sooo much opposed to the duty going down? Can you declare your interest in this matter?


I think @KulaRaha is right.
First of all those importing expensive cars will have to pay more, even before the law is passed.

2nd, if CS gets away with this, what is to stop him from increasing taxes on all manner of goods, before law has been passed? This is a double edged sword.
He could increase the tax for small vehicles tomorrow at a whim. Or unga, or sugar..e.t.c
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KulaRaha
#113 Posted : Wednesday, June 22, 2016 8:41:23 AM
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Joined: 7/26/2007
Posts: 6,514
hardwood wrote:
KulaRaha wrote:
Just one importer goes to court and this excise change will reverse until passed legally.


Wacha fitina. Why are you sooo much opposed to the duty going down? Can you declare your interest in this matter?


You were busy saying the dinosaur should follow the "LAW". Now its ok of this CS and KRA break the law?

Shame on you Shame on you Shame on you Shame on you Shame on you Shame on you Shame on you Shame on you Shame on you Shame on you Shame on you
Business opportunities are like buses,there's always another one coming
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Impunity
#114 Posted : Wednesday, June 22, 2016 12:48:29 PM
Rank: Elder


Joined: 3/2/2009
Posts: 26,328
Location: Masada
KulaRaha wrote:
hardwood wrote:
KulaRaha wrote:
Just one importer goes to court and this excise change will reverse until passed legally.


Wacha fitina. Why are you sooo much opposed to the duty going down? Can you declare your interest in this matter?


You were busy saying the dinosaur should follow the "LAW". Now its ok of this CS and KRA break the law?

Shame on you Shame on you Shame on you Shame on you Shame on you Shame on you Shame on you Shame on you Shame on you Shame on you Shame on you


Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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The Great
#115 Posted : Tuesday, June 28, 2016 2:56:08 AM
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Joined: 9/9/2015
Posts: 233
The fellow is worried about traffick jams reaching gechagi
"Buy when there's blood in the streets, even if the blood is your own."
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Intelligentsia
#116 Posted : Friday, July 08, 2016 11:03:26 AM
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Joined: 10/1/2009
Posts: 2,436
Anyone dealt with Equator Motors who specialize in importing cars from the UK?
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bartum
#117 Posted : Wednesday, June 06, 2018 7:03:28 PM
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Joined: 8/11/2010
Posts: 1,011
Location: nairobi
Intelligentsia wrote:
Anyone dealt with Equator Motors who specialize in importing cars from the UK?

Did you manage to use equator Motors UK
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Intelligentsia
#118 Posted : Monday, June 11, 2018 12:33:56 PM
Rank: Elder


Joined: 10/1/2009
Posts: 2,436
bartum wrote:
Intelligentsia wrote:
Anyone dealt with Equator Motors who specialize in importing cars from the UK?

Did you manage to use equator Motors UK


No, I stuck to SBT Japan
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