High-end vehicle owners to pay over Sh400,000 a yearOwners of high-end cars will pay at least Sh400,000 for the annual motor vehicle tax after the National Treasury did away with the Sh100,000 cap. This means owners of high-end units that cost upwards of Sh15 million will pay Sh420,000 every year, with bus and matatu owners equally hit by the removal of the cap. A 33-seater bus that goes for about Sh6.6 million will attract Sh165,000 while owners of 51-seater units that cost around Sh8.5 million will pay Sh212,500. According to Prof Ndung’u, Treasury targets to raise Sh58 billion through the motor vehicle tax, as part of the measures to collect Sh2.91 billion in ordinary collections for the financial year. Official data shows that the number of registered motor vehicles hit 2.19 million in 2022, up from 1.27 million eleven years ago.
