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{
    "id": 1257272,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1257272/?format=api",
    "text_counter": 1571,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Clause 22 of the Bill be amended in paragraph (c) by deleting the proposed new paragraph 71 and inserting the following new paragraphs immediately after paragraph 70— 71. Income earned by a non-resident contractor, sub-contractor, consultant or employee involved in the implementation of a project financed through a one hundred percent grant under an agreement between the Government and the development partner, to the extent provided for in the Agreement. Provided that the non-resident is in Kenya solely for the implementation of the project financed by the one hundred percent grant. 72. Gains on transfer of property within a special economic zone enterprise, developer and operator. 73. Royalties, interest, management fees, professional fees, training fees, consultancy fee, agency or contractual fees paid by a special economic zone developer, operator or enterprise, in the first 10 years of its establishment, to a non-resident person. Hon. Chairlady, this particular clause under paragraph 71 wants to exempt from tax income earned by contractors, subcontractors and employees in implementing a project that is financed 100 per cent by a grant. This is to encourage Kenya getting grants from other countries. Under paragraph 72 and 73, This is to provide a tax incentive to attract investors under the Special Economic Zones (SEZs) since their enactment. From 1915, there has been very few companies that are operating in the SEZs. This particular Amendment is to incentivise investments into the SEZs that have been cited in the country and to encourage Kenya absorb more grants from donor countries. Thank you, Hon. Chairlady."
}