WCO Guide to Customs Valuation and Transfer Pricing>Tax Consultant Kenya
For Customs valuation purposes, import transactions between two distinct and legally separate entities of the same MNE group are treated as ‘related party transactions’. Such transactions may be examined by Customs to determine whether the price declared for the imported goods is ‘influenced’ by the relationship. In other words, is the price at which the […]
EAC CUSTOMS VALUATION MANUAL>>Customs Valuation
EAC CUSTOMS VALUATION MANUAL A Guide to the Customs Valuation of Imported Goods in the East African Community DIRECTORATE OF CUSTOMS AND TRADE PREFACE This Customs valuation manual is an EAC publication which sets out guidelines on operationalisation of the EAC Customs valuation provisions as set out in the EAC Customs Management Act, 2004 in […]
KRA Valuation Risk Analysis Values>>Customs Tax Consultant
NUMBER ITEM Yield Kshs 1 FABRIC MATERIAL 2,500,000 2 CURTAIN MATERIAL 2,500,000 3 INTERLINING MATERIAL 2,500,000 4 READY MADE GARMENTS 3,000,000 5 PVC SHOES 1,300,000 6 CONSOLIDATED CARGO/MIXED GOODS(KCS) 2,200,000 7 CONSOLIDATED CARGO/MIXED GOODS 2,500,000 8 WHISKY ASSORTED (20FOOT CONTAINER) 5,000,000 9 WHISKEY + WINES ASSORTED (20 FOOT CONTAINER) 4,000,000 10 WINES ASSORTED (20 FOOT […]
Prices used by KRA for Undervaluation Risk Analysis>>Tax Consultant
HS CODE CUR FOB Value DESCRIPTION SPECIFICATION/BRAND/ Country of origin DRY CELL BATERIES 85068000 USD 0.14 ,, BATERIES “D” China 85068000 USD 0.06 ,, BATERIES “AA” China 85068000 USD 0.04 ,, BATERIES “AAA” China 85068000 USD 0.28 ,, BATERIES VARTA ”AA” Germany 85068000 USD 0.26 ,, BATERIES VARTA ”AAA” Germany 85068000 USD 0.24 ,, BATERIES […]
Objection KRA Revaluation Galvanised Steel Slits>Tax Consultant Kenya :
REF: Notice of Objection for Re-valuation of Galvanised Steel Slits We are writing to object to the proposed, re-valuation of galvanised steel slits, imported vide Entry Number xxxxxxxxx of 8th, September 2022 as per sections 229 of EACCMA and Section 122 of EACCMA. —————————————————————————————————————————————– Janron Consult, Tax Consultant Kenya, Customs Tax Consultant Kenya, Tax Advisory Kenya […]
Objection KRA Revaluation Shredded Steel Scrap>Customs Tax Consultant Kenya
REF: Notice of Objection for Re-valuation of Shredded Steel Scrap We are writing to object to the proposed, re-valuation of shredded steel scrap, imported vide Entry Number xxxxxxx of 21st September 2022 as per sections 229 of EACCMA and Section 122 of EACCMA. Observations 1) We have been instructed by KRA, to pay extra taxes of KShs […]
Base Prices Import Duty Used Cars>Tax Consultant Kenya
CRSP is the Base Value used by the Kenya Revenue Authority to Determine the Import Taxes for Used Motor Vehicles Model Engine Capacity Body Type Drive configuration seating Fuel GVW CRSP(KES) ALFA ROMEO 147.00 1600 HATCHBACK 2WD Petrol 2,574,000 147.00 2000 HATCHBACK 2WD Petrol 3,150,000 Alfa Romeo A1560 2.0 1970 HATCHBACK 2WD Petrol 2,845,569 156 […]
Objection to KRA Re-valuation of Imported Aluminium Galvanised Steel Coils>Tax Consultant Kenya
This Notice of objection is in response to our letter Ref: xxxxxxx of 5th May 2022 and the KRA response Ref:xxxxxxxx of 13th May 2022. KRA stated that we should apply a value of 1.2USD per Kg for the item. The Valuation Rule applied by KRA is Method 2, which is the value of identical […]
Notice of Objection to KRA Transaction Value Variation>Tax Consultant Kenya
2) Given that the KRA has relied on historical data for the uplifts, are the hotpot values used for comparative analysis, identical, or similar. 3)The imported items cannot be considered a consolidation or hawkers Goods, or mixed goods. Please refer to the HS Classification of the imported goods. The Chief Manager, Valuation, Customs & Border […]
