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This are statements in the natural language plus diagrams of what service the system is expected to provide and the constraints under which it must operate.
mzitoh123 answered the question on March 3, 2018 at 06:28
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Kenya revenue and customs Authority calculate tax for Automobile vehicles determine by its C.C.
The calculation of the tax is as follows
• Customs tax is CIF value* customs tax rate
• Excise tax is (CIF value+ Customs tax )*Excise tax rate
• VAT is ( CIF value+ customs tax + Excise tax )*VAT rate
• Sur tax is (CIF value+ customs tax + Excise tax + VAT)*Sur tax rate
• Withholding tax is CIF value*withholding tax rate
• Where customs tax rate 35%
Excise tax rate
• If C.C. <=1800 rate is 30%
• Else if C.C.>1800 and <=1600 rate is 60%
• Else C.C. >1600 rate is 100%
• Sure tax rate is 10%
• VAT rate is 15%
• Withholding tax rate 3%
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Date posted: February 28, 2018. Answers (1)
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Date posted: February 28, 2018. Answers (1)