Join the Discussion: Public Participation in the Valuation Process for Used Motor Vehicles – Free on Board (FOB) Values

The Kenya Revenue Authority (KRA) wishes to inform the public about an important update regarding the valuation of used motor vehicles. In adherence to the court ruling on petition 190 of 2018 and in alignment with Article 47 of the Constitution, the KRA is mandated to conduct a comprehensive public participation process.

This process is essential to gather views and opinions on the Free on Board (FOB) values for used motor vehicles before the implementation of a new motor vehicle valuation database. The importation of motor vehicles is a matter that significantly impacts the public, necessitating broad-based engagement and feedback.

As such, the KRA is organizing engagement sessions with various stakeholders, including those involved in the motor vehicle importation value chain, the general public, and any other interested parties. These sessions aim to ensure that all voices are heard and considered in the decision-making process.

READ ALSO: More Than 500,000 Kenyans Respond to Tax Amnesty, Paying and Settling Ksh 20.8 Billion in Outstanding Principal Taxes

We strongly encourage all stakeholders and members of the public to actively participate by sending their submissions and feedback. Your input is invaluable in shaping a fair and transparent motor vehicle valuation framework.

Please direct your submissions to the Commissioner of Customs & Border Control at the Kenya Revenue Authority. You can send your feedback via post to P.O.Box 48240-00100, Nairobi. Alternatively, submissions can be emailed to [email protected] and [email protected]. The deadline for sending your contributions is the 15th of June, 2024.

For any clarifications or further assistance, you can reach out to our Valuation Office. We are available to assist you through the following contact numbers: 0709 013071 or 0709 017137. Additionally, you can email us at [email protected] for any inquiries.

READ ALSO: East African Revenue Authorities Garner More Than $3 Million in Revenue Through Tax Evasion Investigations

The KRA values your participation and looks forward to your constructive input, ensuring that the new motor vehicle valuation database is both comprehensive and representative of public interest.

Source: Kenya Revenue Authority (KRA)

Matthews Ohotto

Matthews Ohotto is a Digital Content Creator at CYBER.CO.KE, specializing in crafting insightful and informative blog posts that empower readers with practical knowledge. Holding a Bachelor’s Degree in Business Information Technology (BBIT) from JKUAT, he blends technical expertise with a passion for clear and impactful communication. He is dedicated to breaking down complex topics into easy-to-understand content that educates and inspires. Need help? Send email to: [email protected]