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"id": 1441831,
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"type": "speech",
"speaker_name": "Budalangi, ODM",
"speaker_title": "Hon. Raphael Wanjala",
"speaker": null,
"content": " Thank you, Hon. Speaker. I beg to oppose the Finance Bill, (National Assembly Bill No. 30 of 2024). I am cognisant of the fact that it went through the First Reading on 13th May 2024 and was committed to the Department of Committee on Finance and National Planning for consideration. The Committee was to report back to the House under the provisions of Standing Order 127. Hon. Speaker, I am also cognisant of the fact that this Bill has 65 clauses and seeks to amend laws on matters such as the Income Tax Act (Cap 47(1)), Value Added Tax (Cap 476), Excise Duty Act, Tax Procedures Act (Cap 469), among others. I have heard some Members saying that if we oppose this Bill and it collapses, the Government will be unable to collect taxes. I want to inform them that if this Bill collapses, we still have the Finance Bill, 2023 which is still in force and will continue operating. We are only amending it. Therefore, if the Bill collapses, nothing will go wrong. We will continue and that is what many of us are praying."
}