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{
    "id": 1254485,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1254485/?format=api",
    "text_counter": 238,
    "type": "speech",
    "speaker_name": "Kikuyu, UDA",
    "speaker_title": "Hon. Kimani Ichung'wah",
    "speaker": null,
    "content": "cars, have been given incentives in this Bill. The Committee has added further proposals with regard to importation of electric cars and motor vehicles, including electric motorcycles. This will bring down the amount of fuel that we consume every month, which actually takes a huge chunk of our foreign exchange. I have spoken about the rental income tax that is falling from 10 to 7.5 per cent, bringing down the burden of tax for landlords and, consequently, to tenants who can now enjoy lower rents. So, the taxes being paid by landlords are being lowered. Those who are vilifying the Bill and lying to Kenyans that they will pay VAT on insurance compensation will not tell you that this Bill is now exempting VAT on inputs meant for goods. This will benefit firms that manufacture drugs; both human and animal drugs. The Bill also provides exemptions on construction and equipment for specialised hospitals with a bed capacity of 100 beds. I can see Hon. Nyikal is very keen on that one. The Committee, in its own wisdom, has now offered exemption to hospitals with a bed capacity of only 50 beds. You can imagine the number of hospitals in our constituencies with a 50-bed capacity. They will all enjoy this particular tax incentive. This will bring down the cost of medication and healthcare making it cheaper for our people. Nobody, again, will tell you this bit. Again, on VAT, there are proposed exemptions on several agricultural products, among them transportation of sugar-cane. I wish Members from the sugar belt were all here. I have not heard any of them speak about this fact. They will now enjoy exemption on transportation of sugar- cane to sugar mills. There will be exemptions on fertiliser and value addition to tea. The manufacture of pesticides and pest controls are also being exempted under the VAT. All these things are in this Bill, but nobody wants to say it. I will say them because I have a duty and responsibility to inform the people of Kenya the truth about the contents of this Bill. As I mentioned, there are also other proposals of zero-rating items to do with fertiliser. We have some for sugar-cane, sugar mills and pest controls. I could enumerate that under the Excise Duty. I know the Member for Mathare took my one minute. I will beg you to add me more time. Under the Excise Duty Act, measures have been proposed which will benefit the business community. They are enlisted in this Bill. Hon. Junet, if you interact with the Report, the Committee has improved on those proposals. The Bill seeks, for instance, to remove the annual inflation adjustment for certain excisable goods that have been making business people and manufacturers to review the cost of…"
}