From 25% of the current retail selling price (CRSP) published by the Kenya Revenue Authority as Import duty. 2% of the CIF amount as Import Declaration Fee (IDF), or KSh 5000 whichever amount is higher. From 25% – 30% of (Customs Value + Import Duty) as Excise Duty.
How much does it cost to import a car from Japan to Kenya?
Import duty: 25% of the Customs value (CIF) of the vehicle i.e. 25% of (Invoice value + Insurance + Freight charges) Excise duty: 20% of (Customs Value + Import Duty) VAT: 16% of (Customs Value + Import Duty + Excise Duty) IDF: 2.25% of the CIF value or Ksh 5,000, whichever is higher is payable.
How much does it cost to import a car to Kenya?
Import duty- 25% Excise value- 20% + import duty. Value added tax – 16% + import duty + excise duty. IDF (Import declaration fee)-3.5%
How long does it take to ship a car from Japan to Kenya?
It takes between 30-40 days after receipt of payment for the car to arrive at the port.
How much is import tax on a car from Japan?
PAYING DUTY AND VAT ON YOUR IMPORTED CAR
The import duty is 10 percent of the price you paid plus the shipping fee. Furthermore, the VAT is calculated as 20 percent of the car’s value plus any fees.
Is it cheaper to import a car in Kenya?
Therefore, the short answer as to whether it’s cheaper to import a car in Kenya is yes.
Is it expensive to import a car from Japan?
Import Taxes on Cars Imported from Japan
The taxes can be quite large, which can make importing a car incredibly expensive. There may also be rules around who has to pay taxes on entry (people who are immigrating and brining their car with them), so make sure you check the rules first.
Which is the cheapest car in Kenya?
Demio is also among the cheapest used cars in Kenya and has been produced and sold across the globe since 1966.
How much is custom duty in Kenya?
In general, Customs duty is levied at rates between 0% and 100%, with an average rate of 25%. However, Sensitive items Attract duty higher than 25% (the sensitive items are listed in the schedule 2 of the EAC Common External tariff).
How is custom duty calculated?
Customs duties are computed on a specific or ad valorem basis. In other words, it is calculated on the value of goods. Such value is determined as per the rules laid down in the Customs Valuation (Determination of Value of Imported Goods) Rules, 2007.
How do I ship a car from Japan to Kenya?
Which documents do you need to clear and register an imported car at the port of Mombasa?
- Original national ID/passport.
- Pre Inspection Certificate issued by JEMVIC in Japan.
- KRA PIN.
- Vehicle’s foreign logbook to confirm ownership.
- Original Bill of Lading and the car registration documents from its previous home country.
How is car duty calculated in Kenya?
How is car duty calculated in Kenya? … Excise Duty is 20% of the CRSP + Import Duty. 16% of the CRSP + Import Duty + Excise Duty is VAT. 2.25% of the CRSP is the IDF Fee.
What is the age limit for car importation in Kenya?
Acting Transport secretary James Macharia maintained the eight-year maximum age rule for motor vehicle importation holds. The law bars Kenyans from importing vehicles whose first year of registration is more than eight years.
Is it cheaper to import a car yourself?
Do it yourself. It will be cheaper, but time consuming and potentially riskier. Find a car online, find a reputable exporter, then organize shipping, importation, and registration in your province or state. … You’ll still need to get the car inspected and registered yourself.
Is it cheaper to import a car?
As import cars become more common, you’re likely to find that buying your new motor at home is much cheaper. However, if you’re after a luxury or a vintage model, you may have no choice but to look abroad. Just remember to always do the math. … After all, your import may not be as cheap as you thought it was.
How much does it cost to have a car shipped from Japan?
The cost to ship a car from Japan to the United States can vary significantly depending on vehicle size, the distance between origin and destination, and the shipping method that is used. On average, you can expect to pay between $3,500 and $6,000 to import a car from Japan to the U.S.