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"content": "This is the first time salaried people will have Pay as You Earn (PAYE) deducted after statutory deductions. This will have a positive index on their net pay. This Bill is good for such reasons. Taxes on mobile money transfers have remained as they were. They have not been added as it is seriously exaggerated. On Value Added Tax (VAT) on financial services for foreign exchanges, Hon. Speaker, the charges on exchanges have also remained as they were. VAT on bread was very contentious, but in the wisdom of the Committee, through the advice and the democratic space that it gave the stakeholders of this country, the experts, the professionals and even faith-based organisations, saw it worthy to have it removed. The Eco Levy and other levies that were not necessary to be levied on Kenyans were removed. This country requires money."
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