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{
    "id": 1003148,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1003148/?format=api",
    "text_counter": 232,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Hon. Speaker, in line with what is happening now in the world, businesses are moving from the conventional platforms to digital. In the 2019 Finance Act, we introduced taxation in the digital marketplace. In this Finance Bill, we are introducing the actual tax. This Bill proposes to tax digital markets by way of applying 1.5 per cent which is minimal. This, if applied properly, is going to raise a lot of tax. The Bill at some point is also proposing to enlist several agents, including banks and other digital service providers. It is proposing digital agents. So, the agents will be brought in together to capture the cash transactions which are happening in the digital marketplaces."
}