Moses Kuria Rejects CRSP Proposal in Finance Bill 2025

Senior economic advisor to the president, Moses Kuria, has publicly rejected a contentious proposal within the Finance Bill 2025, describing it as unnecessary and counterproductive for Kenyans.

In a strongly-worded statement shared on his X account, Kuria took aim at the Kenya Revenue Authority (KRA) for its recommendation to use Current Retail Selling Price (CRSP) Reference Prices as the basis for calculating import duties on motor vehicles.

Kuria highlighted that the Finance Bill, currently under parliamentary review, already proposes a more progressive approach by anchoring import duties on the actual purchase price of vehicles. He emphasized that this model aligns with international best practices and provides a more transparent and equitable framework for taxation.

Dismissing the CRSP proposal as redundant, Kuria pointed out that its relevance would be short-lived if the Finance Bill is enacted into law. He reaffirmed his commitment to ensuring tax policies that prioritize fairness and practicality, urging policymakers to support the shift toward the globally recognized valuation system.

His stance resonates with growing calls for reforms in Kenya’s taxation framework, as citizens and stakeholders push for measures that foster economic growth and reduce the financial burden on ordinary Kenyans.