KRA to Implement Updated CRSP for Used Vehicle Valuation After Six Years
The customs value for used vehicles is determined by applying depreciation to the CRSP, based on the vehicle’s age or first registration date.
KRA set to release updated CRSP list for new motor vehicles, the first revision since 2019, to guide tax calculation on imported used cars. Photo/KnowClick Media.
By Juliet Jerotich
The Kenya Revenue Authority (KRA) is preparing to introduce a revised Current Retail Selling Price (CRSP) list for new motor vehicles, the first update since 2019.
This list is essential in calculating taxes for imported used cars, playing a pivotal role in customs valuation.
The 2025 update reflects significant changes in the automotive sector, including the arrival of newer vehicle models, fluctuations in the exchange rate, and adjustments in import and excise duty rates.
KRA emphasized that customs valuation follows the World Trade Organization (WTO) Agreement on Customs Valuation, as incorporated into the East African Community Customs Management Act (EACCMA) of 2004.
The customs value for used vehicles is determined by applying depreciation to the CRSP, based on the vehicle’s age or first registration date.
The CRSP method was adopted after consultations with stakeholders to address challenges in valuing used cars, aiming to ensure transparency and uniformity. Attempts to revise the list in 2020 faced legal challenges, resulting in the 2019 list remaining active until now.
Since then, economic conditions have shifted notably — the exchange rate has moved from around Ksh 100 to Ksh 130 per US dollar, import duty rates have increased from 25% to 35%, and excise duty rates have also risen, with some now at 35%.
In compliance with court directives, KRA engaged extensively with industry stakeholders, including vehicle importers and dealers. A technical committee, comprising representatives from key industry associations and KRA officials, undertook a detailed review of the CRSP using Japanese Yearbooks and Goo-net databases.
The updated list now features over 5,200 vehicle models, significantly more than the roughly 3,000 listed in 2019. While some models remain unlisted due to data limitations, KRA plans continuous updates to the list, which will be publicly available on its website.
KRA reaffirmed its commitment to maintaining a fair, consultative, and transparent valuation process that reflects current market realities while ensuring regulatory compliance.
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