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{
    "id": 1441736,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1441736/?format=api",
    "text_counter": 482,
    "type": "speech",
    "speaker_name": "Turkana South, ODM",
    "speaker_title": "Hon. John Namoit",
    "speaker": null,
    "content": "There is something on the Digital Services tax that has been replaced with the Significant Economic Presence Tax at the rate of 30 per cent on 20 per cent deemed profit. What is the standard for measuring the so-called deemed profit? This is what needs to be highlighted and addressed so that we do not just say 20 or 30 per cent is deemed profit. We need to have a standard. On VAT, when I transfer property or assets at a certain price, there is a valuation for that particular business or asset. So, the difference between the transfer price and the valuation must be the capital gains that you are exempting from taxation. Last year, we had…"
}