![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
TRUCKING INDUSTRY WORLDWIDE * Kenya - KRA suspends new tax rules for transit goods
Plans to introduce new East African Community rules on transit cargo have been suspended amid protests by key industry players
Nairobi,Kenya -The Business Daily Africa, by Zeddy Sambu -April 14, 2008: -- Michael Waweru, the Kenya Revenue Authority (KRA’s) commissioner general said introduction of a permit that would have seen operators pay more taxes had been delayed, pending harmonisation of transit rules in the region... The new regulations would require every transporter to pay Sh100,500 (1,632.61 U$S) for a Company Transit Licence, besides paying a transit goods fee of Sh42,000 for a truck... KRA has also been demanding that transporters place a security bond of Sh10 million for goods in transit and wants such trucks barred from carrying cargo other than those on transit. Transporters say the rules amounted to double taxation because clearing and warehousing agents separately execute bonds for transit goods on behalf of their clients. Transporters say it would be uneconomical to bar trucks licensed to carry transit good from carrying Kenyan exports to Uganda and vice versa... (Photo: A truck along Nairobi's Uhuru highwway )Labels: trucking industry news worldwide
posted by Unknown @ 6:34 AM
0 Comments:
Post a Comment
<< Home