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"id": 1019499,
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"type": "speech",
"speaker_name": "Homa Bay CWR, ODM",
"speaker_title": "Hon. (Ms.) Gladys Wanga",
"speaker": {
"id": 590,
"legal_name": "Gladys Atieno Nyasuna",
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"content": "Constitutionally, this is the largest decentralised tax. Globally it is also the major source of revenue for subnational governments. Under very conservative assumptions, a one per cent rate on top of 10 per cent highest valued properties, counties should raise at least Ksh66 billion under an ideal scenario. Take Nairobi County as an example. It was estimated to have a revenue potential of Ksh78 billion per annum and as per the annual revenue collected, it was only Ksh11 billion which is way below the capacity and that is what I was referring to. This Bill went through public participation and we sought the views of the National Treasury which was in its support noting that it is important to standardise revenue collection across all counties. The aspect of collaboration with the KRA will be instrumental in improving collection of both county government revenues as well as the turn-over tax. The National Treasury noted that the Bill was in harmony with the implementation of a Presidential directive to adopt a single revenue collection system."
}