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The new excise duty as assented to by PORK
Rank: New-farer Joined: 11/3/2015 Posts: 45 Location: Mombatha
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To quote china's wealthiest woman:"Where there are so many problems, lies so many opportunities, so it's up to to you to decide where you want to focus your energies"
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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vky wrote:cars that sell for less than 750k are going to be hit the hardest, going by the current 20% excise duty these class of cars pay excise duty of between 57k - 80k, with the impending law the figure will shoot to 200k large, the cars here are vitz, demio na kadhalika
the next class are those that sell for between 800k - 1.2m these cars pay excise of between 85k - 140k, with the new law this will go up to 200k, cars here include axio, fielder, impreza (1.6) premio, allion etc
cars that sell for between 1.5m - 2.3m currently attract excise of between 150k - 180k, with the new law it will be 200k these ones will not feel the pinch too much, cars here include benz c180, passat, jetta, some foresters etc
cars that sell for more than 2.5m attract excise duty of 190k - >200k the effect here will be marginal increase and savings in cases where excise is >200k, cars include 4x4s benz etc
all the above is based on 7yr old newly imported used cars, the real gainers are going to be the guys who operate the locally used car market with units that sell for less than 700k
The old excise duty of 20% was %age on what figure? How did arrive at duty of Kes.85K for a car worth say Kes. 800,000? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 12/17/2009 Posts: 3,583 Location: Kenya
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Ericsson wrote:At the end of the day choices have consequen;the jubilee governmentis messing up the economy but come 2017 we will go back to our tribal cocoons forget the problems they created for us in their first term and vote them in.
Its dangerous to have a leader who has never worked;they don't know what the masses are feeling.To them everything is okay and these are just opposition noises.
If u look at the career of Mwai Kibaki from education and career development and compare with the clowns we have you will see why we are suffering Information is vital, the kind of exposure you have is not the same as most kenyans, especially the poor ones have - and they form the biggest voting block. They rely on political gatherings to gain information, they depend on the politicians to coming into town to educate them on what is happening in Nairobi. Now how do you blame those guys who can not even afford to buy batteries for their pocket radios, have no electricity, can't afford a newspaper. We had the second president of Kenya, who can not be classed as from a privileged background and see where we went with that - you really can't use an individuals background as the yardstick for leadership, also remember with mwai we nearly went to the dogs.
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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@nakujua The ones with exposure don't go to vote;they say its a lot of work queuing. That's where our problems start.We nearly went to the dogs coz of war not the stupidity and madness being witnessed Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Ericsson wrote:@nakujua
The ones with exposure don't go to vote;they say its a lot of work queuing.
That's where our problems start.We nearly went to the dogs coz of war not the stupidity and madness being witnessed There is nothing wrong with the new excise duty; Traditionally excise duty is usually imposed on goods with the following characteristics 1.Luxury 2.Limited consumption 3.Hazard products The purpose of excise duty is usually to 1.Protect the public by limiting consumption through the prices increases 2.Raise revenue from the rich who consume luxury goods 3.Protect the environment. If you feel the new excise duty rates are unfavorable to you, stop consuming the goods/services, they are not a necessity, you won't die if you stopped buying those goods If Obiero did it, Who Am I?
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Rank: Veteran Joined: 11/17/2009 Posts: 2,038 Location: GA
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4eva eva wrote:To quote china's wealthiest woman:"Where there are so many problems, lies so many opportunities, so it's up to to you to decide where you want to focus your energies" if you have 5 cars in the high seas the last thing you would want to hear at the moment is a kaquote
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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habari ndio hiyoIf Obiero did it, Who Am I?
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Rank: New-farer Joined: 11/3/2015 Posts: 45 Location: Mombatha
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[/quote] There is nothing wrong with the new excise duty; Traditionally excise duty is usually imposed on goods with the following characteristics 1.Luxury 2.Limited consumption 3.Hazard products The purpose of excise duty is usually to 1.Protect the public by limiting consumption through the prices increases 2.Raise revenue from the rich who consume luxury goods 3.Protect the environment. If you feel the new excise duty rates are unfavorable to you, stop consuming the goods/services, they are not a necessity, you won't die if you stopped buying those goods[/quote] 
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Rank: Veteran Joined: 12/8/2009 Posts: 975 Location: Nairobi
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The new excise tax regime had not taken effect by 13th. I managed to clear the jalopy at the old rates. #feeling lucky# You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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XSK wrote:The new excise tax regime had not taken effect by 13th. I managed to clear the jalopy at the old rates. #feeling lucky# No wonder KRA cannot meet their targets on tax collection. 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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begins 1st december 2015 
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Rank: Veteran Joined: 8/11/2010 Posts: 1,011 Location: nairobi
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jimmy1 wrote:begins 1st december 2015 So many fellows will be got, i missed by wisk
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Rank: New-farer Joined: 9/16/2015 Posts: 15
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bartum wrote:jimmy1 wrote:begins 1st december 2015 So many fellows will be got, i missed by wisk You are lucky, the rest of us have to pay this tax to help fund the big delegations to ICC and Paris and God knows where next.
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Rank: Member Joined: 2/27/2011 Posts: 518
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businesspundit wrote:bartum wrote:jimmy1 wrote:begins 1st december 2015 So many fellows will be got, i missed by wisk You are lucky, the rest of us have to pay this tax to help fund the big delegations to ICC and Paris and God knows where next. Struggling to see if I can pay by end of the day. Been told to await for the manifest of one of the ships arriving tomorrow. They say it will be ready at 4 pm. Awaiting the C11 for the other unit. paid for 3 on saturday. Been to the loo thrice already. Long calls. I feel unwell.
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Rank: Member Joined: 2/27/2011 Posts: 518
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Prime wrote:businesspundit wrote:bartum wrote:jimmy1 wrote:begins 1st december 2015 So many fellows will be got, i missed by wisk You are lucky, the rest of us have to pay this tax to help fund the big delegations to ICC and Paris and God knows where next. Struggling to see if I can pay by end of the day. Been told to await for the manifest of one of the ships arriving tomorrow. They say it will be ready at 4 pm. Awaiting the C11 for the other unit. paid for 3 on saturday. Been to the loo thrice already. Long calls. I feel unwell. 
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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Prime wrote:Prime wrote:businesspundit wrote:bartum wrote:jimmy1 wrote:begins 1st december 2015 So many fellows will be got, i missed by wisk You are lucky, the rest of us have to pay this tax to help fund the big delegations to ICC and Paris and God knows where next. Struggling to see if I can pay by end of the day. Been told to await for the manifest of one of the ships arriving tomorrow. They say it will be ready at 4 pm. Awaiting the C11 for the other unit. paid for 3 on saturday. Been to the loo thrice already. Long calls. I feel unwell. That is gava for you shafting Wanjiku 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: 8/19/2015 Posts: 125
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Millions of Kenyans woke up to a rude shock.......their dream to own a car has been killed by Jubilee Govt......Excise duty ranges 150K to 200K.
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Sir invest wrote:Millions of Kenyans woke up to a rude shock.......their dream to own a car has been killed by Jubilee Govt......Excise duty ranges 150K to 200K. which dreams,you will be the same person complaining about prices of fuel and traffic jams;The govt is working hard to ensure that only those who can AFFORD the vehicle do actually buy as well as protecting you from harmful emissions caused by the many vehicles.What do you propose the govt does? If Obiero did it, Who Am I?
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Rank: Veteran Joined: 12/8/2009 Posts: 975 Location: Nairobi
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Prime wrote:businesspundit wrote:bartum wrote:jimmy1 wrote:begins 1st december 2015 So many fellows will be got, i missed by wisk You are lucky, the rest of us have to pay this tax to help fund the big delegations to ICC and Paris and God knows where next. Struggling to see if I can pay by end of the day. Been told to await for the manifest of one of the ships arriving tomorrow. They say it will be ready at 4 pm. Awaiting the C11 for the other unit. paid for 3 on saturday. Been to the loo thrice already. Long calls. I feel unwell. Prime How did it go? I hope you made it bro You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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Rank: Veteran Joined: 12/8/2009 Posts: 975 Location: Nairobi
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Sir invest wrote:Millions of Kenyans woke up to a rude shock.......their dream to own a car has been killed by Jubilee Govt......Excise duty ranges 150K to 200K. Its such a pain You will know that you have arrived when money and time are not mutually exclusive "events" in you life!
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The new excise duty as assented to by PORK
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