News / National
High tax on car imports
25 May 2018 at 07:53hrs | Views
The cost of importing used vehicles is likely to increase as government is considering raising import levies on all pre-owned cars, Industry, Commerce and Enterprise Development Minister Mike Bimha has said.
The initiative, meant to curtail grey imports and create the market for new vehicles, will entail a gradual increase in customs duty and surtax to narrow the cost gap between new and used cars.
The initiative, meant to curtail grey imports and create the market for new vehicles, will entail a gradual increase in customs duty and surtax to narrow the cost gap between new and used cars.
Source - Business Weekly