C
Originally published by Capital Business
📰 Read Full Article
business
August 30, 2026
2h ago

Why small traders should give new customs benchmark a chance

Why small traders should give new customs benchmark a chance

Institutionalised in Kenya in 2016/17 as a deliberate trade-facilitation initiative for small-scale importers, cargo consolidation allows parcels belonging to several traders to be pooled into one container and declared by an approved consolidator. This enables traders to share l..

✨ Key Highlights

The Kenya Revenue Authority (KRA) has revised the minimum customs benchmark for consolidated cargo to KSh3.2 million, aiming to strengthen legitimate trade facilitation while preventing abuse.

  • The new benchmark of KSh3.2 million for general consolidated cargo is a risk-management reference point, not a blanket tax.
  • This revision by the Kenya Revenue Authority (KRA) aims to address changes in the trading environment and curb practices like undervaluation and misdescription.
  • Small traders are encouraged to understand the revised benchmark and consider options like individual declarations if they prefer.

Continue Reading

Read the complete article from Capital Business

📰 Read Full Article
Advertisement
Advertisement