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{
    "id": 1346440,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1346440/?format=api",
    "text_counter": 332,
    "type": "speech",
    "speaker_name": "Molo, UDA",
    "speaker_title": "Hon. Kuria Kimani",
    "speaker": null,
    "content": "This policy also proposes an amendment to the policy so that pensions are treated using exempt taxation method rather than the current system. Although your contributions are exempted from taxation, your pension is not exempted from taxation. We want to make sure that we have a total exemption to ensure that pensions are not taxed at all. In addition, this will provide for an inflation adjustment every five years to keep the pace with inflation and the high cost of living. It aims at curing the increasing tax burden on salaried people or the payroll- related services and individuals, especially in the formal sector."
}