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{
    "id": 1073197,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1073197/?format=api",
    "text_counter": 40,
    "type": "speech",
    "speaker_name": "Tiaty, KANU",
    "speaker_title": "Hon. Kassait Kamket",
    "speaker": {
        "id": 13493,
        "legal_name": "William Kamket Kassait",
        "slug": "william-kamket-kassait"
    },
    "content": "The legal basis for granting an exemption as contained in Legal Notice No.15 of 2021 is stipulated in Section 13(2) of the Income Tax Act, Cap 470 which empowers the Cabinet Secretary to exempt certain Income Tax. Section 13(2) of the Income Tax Act, Cap 470 empowers the Cabinet Secretary responsible for the National Treasury by notice in the KenyaGazette to provide that any income or class of income which is accrued in or was derived from Kenya be exempted from tax to the extent specified in such a notice and that any exemption shall cease to have effect generally or to the extent specified in the notice. Furthermore, where the Cabinet Secretary issues such a notice, it has to be laid before the National Assembly without unreasonable delay. The Act further provides that if a resolution is passed by the National Assembly within 21 days on which it next sits after the notice is so laid, the notice be annulled. It shall, thenceforth, be void but without prejudice the validity of anything previously done thereunder or the issuing of a new notice. The House, therefore, has pronounced itself within the statutory timelines. If the notice is expressly approved, then it shall be deemed to have been implied approved. Hon. Deputy Speaker, the exemption from Income Tax for Japanese companies, consultants and employees was published on 26th January 2021, submitted to the Clerk of the National Assembly, laid before the House and given to the Committee on 21st March 2021 in accordance with the Statutory Instruments Act. The main purpose of this exemption of Income Tax before us today, is in respect of income accruing or derived from Kenya by Japanese 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."
}