Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 1061362,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1061362/?format=api",
    "text_counter": 95,
    "type": "speech",
    "speaker_name": "Nominated, JP",
    "speaker_title": "Hon. (Ms.) Shamalla Jennifer",
    "speaker": {
        "id": 13166,
        "legal_name": "David Ole Sankok",
        "slug": "david-ole-sankok"
    },
    "content": "The CS informed the Committee that the Value Added Tax (Electronic Tax Invoice) Regulations, 2020 intends to provide for standardization and uniformity of tax invoices generated. This will enhance effective compliance and enforcement measures, which will result in an increase in revenue by minimizing VAT fraud. The Regulations will support the ease of doing business in the country, as it will facilitate the simplification of VAT tax returns and also facilitate faster processing of VAT refund claims. Businesses with existing electronic tax registers will be facilitate to update the register to comply with the new system at no cost. Having examined the Value Added Tax (Electronic Tax Invoice) Regulations, 2020 against the Constitution, the Interpretations and General Provisions Act (Cap 2), the Value Added Tax Act, 2013 and the Statutory Instruments Act, the Committee observed that— The Value Added Tax (Electronic Tax Invoice) Regulations, 2020 were published in the Gazette on 10th September, 2020 vide L.N. No.189 of 2020, submitted to the Clerk of the National Assembly on 9th October 2020 and laid on the table of the House on 15th October 2020; being within the requisite statutory timelines under section 11(1) of the Statutory Instruments Act, 2013. The regulation-making authority demonstrated that public participation was adequately undertaken by submitting copies of evidence of stakeholder forums held in the development of the regulations. The Kenya Revenue Authority (KRA) sought views from the public and stakeholders through a public notice dated Friday, 29th May 2020. The Authority received feedback from the stakeholders who were in support of the proposed regulations with few amendments. Taking into consideration the advances in technology, the stakeholders recommended view of some aspects of the regulations were incorporated in the final draft. The regulations do not require a regulatory impact statement within the meaning of Sections 6, 7 and 8 of the Statutory Instruments Act as they are not likely to impose significant costs on the community and will only affect persons registered under Section 32 of the Value Added Tax Act. Having examined the Value Added Tax Regulations against the Constitution, the Interpretations and General Provisions Act, Value Added Tax Act and the Statutory Instruments Act, the Committee recommends that the House approves the said Statutory Instruments in accordance with Section 67 of the Value Added Tax Act No. 35 of 2013. Hon. Temporary Deputy Speaker, I beg to move and request Hon. Oundo, a member of the Committee on Delegated Legislation, to second the Report."
}