Author: By Kevin Safari and Bruno Otiato

New used car tax model could backfire

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Drivers off-load imported cars from the MV Grand Venus soon after the ship docked at the port of Mombasa. December 14, 2018. [File, Standard] History offers invaluable lessons in policymaking, particularly on the consequences of failing to align the intended and unintended consequences of laws. The Kenya Revenue Authority (KRA) recently issued a public notice on the adoption of a new Current Retail Selling Price (CRSP) schedule to be applied in the computation of Customs value for used motor vehicles imported into the country.  According to the KRA, the use of CRSP will enhance transparency, consistency, and accuracy in the determination of customs value. Further justification is made that…

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