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"id": 1398243,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1398243/?format=api",
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"type": "speech",
"speaker_name": "Kikuyu, UDA",
"speaker_title": "Hon. Kimani Ichung’wah",
"speaker": null,
"content": " Hon. Temporary Chairman, this is not a new amendment. We do not need to read it a Second Time. The first amendment was a new one. Hon. Temporary Chairman, I beg to move: THAT, the Schedule to the Bill be amended – (d) in the proposed amendments to the Value Added Tax, Act, 2013 by— (ii) by deleting the proposed amendment to Part A of the Second Schedule. In light of the deletion of Paragraph 138, I propose to delete the proposed amendment to Part A of the Second Schedule of the Value Added Tax Act which seeks to zero-rate the supply of denatured ethanol. As I said earlier, this will promote the sugar industry in line with the Government’s policy on revitalising our local sugar industry by creating a cooperative leverage for the local manufacturers vis-`a-vis the imports that come from our neighbouring countries. We seem to be encouraging more imports, contrary to the imports substitution policy of the Government to promote our local industries and reduce imports. You can see what it has done to our exchange rate. Today, the dollar is trading against the shilling at an average of Ksh133 to 134 down from a high of Ksh160. This will further augment that because we will not need to import. We will leverage our local manufacturers to produce locally. Thank you, Hon. Temporary Chairman."
}