seppuku wrote:It has been said here on this thread that KRA will base their tax calculation on either the CIF or the show room value of a vehicle depreciated for age - whichever is higher. Is this still true? I am importing a unit whose CIF exceeds the calculated customs value based on the KRA's work sheets. Does this mean I will pay more in taxes? Just for the avoidance of doubt...
It still works the same way, you pay based on whichever yields the higher tax value.
Think smart and you'll pay by the crsp list.
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