Effective 1st July, the Kenya Revenue Authority (KRA) will implement the new Current Retail Selling Price (CRSP) schedule, changing how customs duty on imported second-hand cars is calculated.
The CRSP is the official price that the KRA uses to calculate taxes on imported used cars.
It establishes official retail prices for vehicles, which form the basis for import tax calculations.
Instead of using a fixed retail price, the KRA will now base taxes on the actual price paid for the vehicle, making valuations more accurate and fair. ''The Kenya Revenue Authority (KRA) wishes to inform the public that, effective 1st July, 2025, a new Current Retail Selling Price (CRSP) schedule will be applied in the computation of customs value for used motor vehicles imported into the country,'' the statement read in part.
