The KRA Math
Importing a vehicle into Kenya involves more than just the purchase price. KRA calculates duties based on the CRSP (Current Retail Selling Price) of the vehicle, not necessarily what you paid for it abroad. Understanding this is key to saving money.
Top Saving Tips:
- Age Matters: KRA applies a depreciation schedule. A car that is 7 years old has the highest depreciation allowed, significantly lowering your duty compared to a 1-year-old car.
- Engine Size (CC): Excise duty is tiered. Choosing a 1490cc engine over a 1600cc engine can sometimes save you over KSh 100,000 in taxes.
- Hybrid Advantages: Modern hybrids often benefit from specific incentives designed to encourage eco-friendly vehicles.
Use Financing Strategically
By using our 100% Import Duty Financing, you avoid the panic of a high tax assessment. We pay KRA immediately at our 2% rate, allowing you to settle the tax bill over time rather than all at once.