Kenyan Secondhand Car Import Taxes to Skyrocket by 145%

Kenya to Increase Taxes on Secondhand Car Imports by Up to 145% Kenya's car market is bracing for a major change. Starting next month, taxes on imported secondhand cars will increase by as much as 145%. This significant increase, announced by the Kenya Revenue Authority (KRA), is expected to impact car buyers across the country. The tax hike will disproportionately affect owners of smaller, fuel-efficient vehicles, which have gained popularity due to their affordability and fuel efficiency. "Small cars like the Suzuki Swift, Mazda Demio, and Toyota Vitz, which have grown more popular due to their fuel efficiency and use in taxi businesses, will attract the biggest percentage increase in taxes," reports NTV Kenya's "Magazetini" segment. However, larger cars may see more moderate increases. The discussion also touches on the government's plans to boost local car assembly, suggesting the tax increase could be a strategy to encourage the purchase of domestically produced vehicles. One presenter noted, "It will discourage...making car ownership a lot more expensive." The segment also raises questions about the fairness and transparency of the new tax structure. The new tax policy is sure to spark debate among Kenyans, raising questions about its potential impact on the economy and the affordability of transportation for ordinary citizens.