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Originally published by Kenyanstop
May 1, 2026
1h ago
Treasury Introduces New Tax Targeting Luxury Cars in 2026 Finance Bill

The classic car tax is just one of many measures contained in the Finance Bill 2026, which proposes amendments across multiple tax segments...
✨ Key Highlights
Kenya's Finance Bill 2026 proposes a significant new tax targeting owners of high-end classic cars. The legislation aims to increase government revenue by imposing substantial duties on luxury vintage vehicles.
- A hefty 50 per cent excise duty will be levied on antique, vintage, or classic vehicles valued at a minimum of Ksh10 million and at least 30 years old.
- This proposal comes from the National Treasury, with the aim of taxing a niche segment of wealthy car owners and dealers.
- The measure is part of broader tax amendments expected to take effect from July 1, 2026, if passed by Parliament and assented to by President William Ruto.
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