KRA Clarifies New Car Prices For Imported Second-Hand Vehicles

The clarification follows the new Current Retail Selling Price (CRSP) for imported second-hand vehicles effective July 1...

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The Kenya Revenue Authority (KRA) has clarified the revised Current Retail Selling Price (CRSP) for imported second-hand vehicles, effective July 1, 2025, which impacts how taxes are calculated on these vehicles.

The import duty rate has increased from 25% in 2019 to 35% in 2025.
The announcement was made following public inquiries and media discussions on the updated pricing.
The updated CRSP list now includes over 5200 unique models, up from around 3000 models in 2019.

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Economic Updates and Developments in Kenya

KRA clarifies imported vehicle prices, while details of Kenya's largest money market funds are revealed.

Biggest Money Market Funds in Kenya as of June 2025

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