C
Originally published by Capital Business
📰 Read Full Article
business
August 25, 2026
1h ago

Blow to traders as KRA raises cargo consolidation value to Sh3.2mn

Blow to traders as KRA raises cargo consolidation value to Sh3.2mn

The new benchmark, up from Sh2.5 million, took effect on August 20 and could increase the tax base used to assess consolidated imports...

✨ Key Highlights

The Kenya Revenue Authority (KRA) has increased the minimum customs valuation for a consolidated 40-foot container to Sh3.2 million, a 28 percent rise from the previous Sh2.5 million benchmark, impacting small traders who rely on shared container space.

  • The new benchmark took effect on August 20.
  • The KRA states the adjustment aims to combat undervaluation and ensure fair competition, not target small traders.
  • This revision, the first in approximately six years, addresses changes in economic conditions and import values.

Continue Reading

Read the complete article from Capital Business

📰 Read Full Article
Advertisement

Related News

Advertisement