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{
    "id": 1003213,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1003213/?format=api",
    "text_counter": 297,
    "type": "speech",
    "speaker_name": "Kathiani, WDM-K",
    "speaker_title": "Hon. Robert Mbui",
    "speaker": {
        "id": 1750,
        "legal_name": "Robert Mbui",
        "slug": "robert-mbui"
    },
    "content": " Thank you, Hon. Temporary Deputy Speaker, for giving me this opportunity. I also rise to support the Finance Bill, 2020. I want to begin by saying that this Finance Bill has been designed and put together at a time when the nation is going through many challenges. I think the CS and the Committee have had to balance between ensuring they raise revenue for the nation to fulfil its obligations, pay salaries, and ensure that development still goes on and, at the same time, deal with the idea of cushioning citizens and businesses during this period of Covid-19 pandemic which is generally all over the world. So, it is a very delicate balance. I think they have to balance. It is like walking a tight rope. What has the CS done? First and foremost, he needs to raise revenue. What he has done is try to expand the bracket. I look at that idea of people who are paying Income Tax on rental income. I realize that it is not just an idea of reducing it from 25 per cent to 10 per cent for those who are paying rental income of up to Kshs15 million. I think it is really an idea of widening the bracket. Some of those who have houses and pay rental income of between Kshs10 million and Kshs15 million, maybe, some of them have not been caught. So, the idea now is to use the simplified taxation method which is simply a 10 per cent payment. I think that will help to ensure that more people pay their taxes. That is one of the ways he has used to ensure that more people come into the tax bracket and more people pay what they owe to the Government. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}