Monday 23 May 2022
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KRA seizes 438 cars as higher duty hits dealers.

About 438 vehicles are stuck at the port of Mombasa as their importers struggled to offset high duty charges imposed by the Kenya Revenue Authority (KRA). In what may deal a double blow to the importers, the taxman has threatened to auction the vehicles if the importers failed to clear them by May 15, just over two weeks from today. The impounded vehicles include high-end brands such as Range Rover, Toyota Land Cruiser V8, Land Cruiser VX and BMW X5. The taxman last month reviewed its valuation schedule  the Current Retail Selling Price (CRSP) formula which saw the prices of many models of vehicles rise sharply, causing some dealers to abandon their cars at the port.

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