Importers of consolidated cargo will now be required to pay taxes based on transaction value, in a new directive by Kenya Revenue Authority (KRA) that increases the cost of doing business and retail prices.
The directive means that items such as second-hand clothes and household goods, which end up in open-air markets such as Gikomba and Nyamakima in Nairobi, will now attract import duty, value added taxes (VAT), excise duty, Import Declaration Levy, and Railway Development Levy.
Source: www.zawya.com
Latest Posts in "Kenya"
- KEBS Announces New PVoC Contracts: Import Inspection Changes and SGS Appointed for Key Zones
- Fonoa Recorded Webinar: E-Invoicing in Africa – Nigeria, Zimbabwe, Kenya, Ghana
- Kenya Court Clarifies VAT Liability for Non-Resident Digital Platforms as Deemed Suppliers
- KRA VAT Collections Hit Sh30 Billion Monthly After Mandatory Electronic Invoicing Enforcement
- Kenya Unveils Tax Reforms to Boost Agricultural Exports and Enhance Global Competitiveness
