Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 1441755,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1441755/?format=api",
    "text_counter": 501,
    "type": "speech",
    "speaker_name": "Mwea, UDA",
    "speaker_title": "Hon. Mary Maingi",
    "speaker": null,
    "content": " Thank you, Hon. Speaker. Allow me to inform colleagues who might not have read the Report by the Departmental Committee on Finance and National Planning and the Finance Bill 2024/2025. I laud the Departmental Committee on Finance and National Planning for listening to Kenyans and agreeing to drop the contentious issues. They are as follows: 1. 16 per cent Value Added Tax (VAT) on bread will be removed; 2. Excise duty on vegetable oil will be removed; 3. VAT on transportation of sugar-cane removed; 4. 2.5 per cent on motor vehicle tax removed; 5. No increased taxation on mobile money transfer; 6. VAT on financial services and foreign exchange transactions removed; and, 7. Eco-levy on locally manufactured products like sanitary towels, diapers, phones, computers, tyres and motorcycles removed. The value-added tax registration threshold increased from Ksh5 million to Ksh8 million, reducing the need for small businesses to register. Responsibility of electronic invoicing e-TIMS by the KRA has been removed for farmers and small-scale businesses with a turnover of below Ksh1 million. Excise duty on alcoholic beverages will be based on alcohol content, not volume. Higher alcohol content will attract more duty. Pension schemes exemption increased from Ksh20,000 to Ksh30,000 per month. Excise duty imposed only on imported finished products."
}