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{
    "id": 1003353,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1003353/?format=api",
    "text_counter": 437,
    "type": "speech",
    "speaker_name": "Gatanga, JP",
    "speaker_title": "Hon. Joseph Nduati",
    "speaker": {
        "id": 13338,
        "legal_name": "Joseph Nduati Ngugi",
        "slug": "joseph-nduati-ngugi-2"
    },
    "content": " The Government has also supported Kenyans by reducing the Income Tax, Corporate Tax and VAT. However, I wanted to ask the Chairman to consider the Withholding Tax which is still at 6 per cent. I think it is still high. With us having a withholding tax of 3 per cent, maybe, we should consider and also bring it to about 4 per cent so that we can put more money in the pockets of Kenyans. I am also happy to hear from the Chairman that KRA is working on a system where they are going to match what the supplier and the buyer are charging. It has been difficult to deal with the VAT especially when it comes to deductions by some suppliers and they do not remit tax. Today I was doing my tax and I realized one of my clients, the whole of 2018, had not submitted VAT deducted. Therefore, if we come up with a system which will be able to match those two people, I am sure it is going to help this country. On the imposition of residential rental income tax, this one I support and the increment from Kshs10 million to Kshs15 million is a good move. I also want to say that I have heard some members here say that property owners are paid more and they need to reduce rent. This will be unfair to property owners especially the ones who are genuine because I am in the construction industry and I know. For the genuine developers most of them borrow up to 70 per cent with the remaining 30 per cent paid to KRA at 10 per cent, agency fee at 10 per cent and the landlord is left with about 10 per cent. Therefore, asking him again to reduce the rent would burden him too much and I would not support that. 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."
}