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Car importers warn of industry collapse over new KRA vehicle tax valuations

 Importers warn the new vehicle tax values set to begin July 1 could price many Kenyans out of car ownership. [File, Standard]

Car importers have opposed the Kenya Revenue Authority’s (KRA) new valuation list set to take effect from July 1.

In a statement on June 4, the association warned it could crush the used car market, cause job losses and reduce tax revenue.

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