The Kenya Revenue Authority (KRA) has introduced a new tax increment affecting used car importers, implementing a reduction in the maximum depreciation rate from 70 percent to 65 percent of the vehicle’s value. This directive, communicated by the acting commissioner for the Customs and Border Control department, Pamela Ahago, will take effect from September 1, 2023. Under this updated depreciation rate schedule, taxes on vehicles manufactured in 2016 and imported into the country will surge by over 14 percent. This particular category of vehicles has gained prominence among dealers due to Kenya’s eight-year age limit for used cars. For instance,…