Last year 7,262 cars worth Rwf 62,795,837,834 were imported to Rwanda and paid over Rwf 25 billion in taxes.
Rwanda Revenue Authority (RRA) says that most of the imported cars were bought on second hand market.
In an interview with IGIHE, RRA has said the imported vehicle categories included tractors, 381 having the capacity to carry more than 10 passengers, 5,498 reserved for public transport , 1,238 for cargo while other 73 cars were ordered for particular purposes.
Raphael Tugirumuremyi, the RRA Deputy Commissioner General in charge of customs said the cars have the value of more than Rwf 62 billion and have paid over Rwf25,358,220,188 billion in taxes.
It was resolved by the regional council of ministers of trade held on 22nd May 2015, countries have agreed on the increase of taxes on second hand cars.
The new measures put into consideration the value in the year of manufacturing, depreciation which is calculated at; 20% after one year, with five years a car loses 55%, six years 60 %, seven years 65%, eight years 70%, 75% at nine years while all cars bought after ten years of manufacturing lose value of 80%.
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