The East African Community(EAC) has approved Kenya’s application to raise the import duty on cars from the current 25% to 35%.
The new duty will see total taxes on a car with a custom value of Sh998,621— comprising the cost, insurance, and freight(CIF) charges— rise by Sh129,821 to Sh996,124
According to the official data, Kenya imports an average of 81,791 fully built vehicles every year.
With the increase in the import duty, the demand for importation of cars may drop significantly.
