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{
    "id": 1061412,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1061412/?format=api",
    "text_counter": 145,
    "type": "speech",
    "speaker_name": "Homa Bay CWR, ODM",
    "speaker_title": "Hon. (Ms.) Gladys Wanga",
    "speaker": {
        "id": 590,
        "legal_name": "Gladys Atieno Nyasuna",
        "slug": "gladys-atieno-nyasuna"
    },
    "content": "There are currently a lot of conversations around the whole issue of the digital space. There is conversation around regulation of digital lenders such as Branch and Tala. How do we regulate digital lenders who are mandated with lending money and ensure that we capture them? There is a big conversation around the digital marketplace. This is not the end of it. We will continue to have it because it is also a very dynamic space. Even as we pass these Regulations, the Kenya Revenue Authority (KRA) must be aware that we are dealing with a very dynamic space. Therefore, we must have measures in place for surveillance. How will we catch people in the digital space? How will we monitor new entrants and transactions? We must be as vigilant and as dynamic as possible. This is not the kind of thing that we review after three or five years. By December this year, it will take a new shape and form with innovation. Even as we regulate and impose taxes, we must be careful not to kill innovation and discourage people who want to innovate and grow innovations. Many young Kenyans are in this space and are innovating. We must strike a delicate balance between levying taxes, getting revenue and fending off unfair competition. However, we should not stifle innovation, so that people feel that they cannot innovate in our country because of unfair tax regimes. I support the Bill."
}