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KRA defends new car valuation, says 2019 price list outdated

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Vehicles at the Isuzu/General Motors (GM) parking yard along Mombasa Road, Nairobi. [Elvis Ogina, Standard]

The Kenya Revenue Authority (KRA) has defended its decision to revise the retail selling prices of imported used motor vehicles, following a push back from dealers who warn the move could push up retail prices.

The Authority says the revision, the first since 2019, was made after consultations with stakeholders and will adopt the Current Retail Selling Price (CRSP) method to address persistent challenges in valuing used vehicles.

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