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{
    "id": 804874,
    "url": "http://info.mzalendo.com/api/v0.1/hansard/entries/804874/?format=api",
    "text_counter": 152,
    "type": "speech",
    "speaker_name": "Mr. Henry Rotich",
    "speaker_title": "The Cabinet Secretary for the National Treasury",
    "speaker": {
        "id": 13142,
        "legal_name": "Henry Rotich",
        "slug": "henry-rotich"
    },
    "content": "Finance Bill 2018 to realise the objectives set out in the Big Four Plan. The tax proposals that I am submitting through the 2018 Finance Bill are designed to generate an additional Kshs27.5 billion in tax revenue for the Financial Year 2018/19. In addition, the proposed tax measures are intended to incentivise the achievement of the Big Four Plan and offer strategic incentives. Allow me to highlight some of the tax proposals in this Budget. During the East African Community (EAC) Pre-Budget Consultations meetings, we agreed on customs duties aimed at promoting industrialisation, encouraging local investments, and creating incentives in the agricultural and manufacturing sectors. The measures are also intended to make our products more competitive while at the same time protecting local industries from unfair competition. Details of the customs measures will be communicated through the EAC Gazette for implementation from 1st July this year. I will highlight a few of them. Hon. Speaker"
}