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{
    "id": 147193,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/147193/?format=api",
    "text_counter": 143,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "South Africa, Egypt and Nigeria. To encourage growth of this industry that has the potential to create employment to our youth, generate income and promote the entertainment industry, I propose to remove the current import duty of 25 percent and VAT of 16 percent on television cameras, digital cameras and video camera recorders. Thirdly, Kenyans are also a leisure-loving people who enjoy watching television programs but unfortunately, the many programmes available to them are foreign programmes and movies. Many film makers find Kenya expensive and yet an attractive destination for shooting and making movies. To promote the film industry in Kenya and also attract foreign film makers so as to profile Kenya as a film making destination of choice, I propose to zero rate for VAT taxable goods and services offered to film producers. Fourthly, the Government fully recognises the pool of talents we have in our country and the need to provide appropriate incentives to this upcoming industry in order to create employment opportunities for the youth. In this regard, I also propose to grant a 100 per cent investment deduction on capital expenditure incurred by a film producer on purchase of any film-making equipment. Mr. Speaker, Sir, with regard to the growth of ICT and deepening infrastructure development, The East African Marine System Ltd (Teams) and Seacom Kenya Ltd have invested heavily in under sea fibre optic cables, whose completion and full deployment is expected to reduce significantly, the cost of communication in our country. In addition to other measures which the Government has so far taken to encourage such investment and to further encourage the uptake of this facility by the internet service providers and other intermediaries, I propose: (i) to allow the internet service providers to offset against their taxable income the cost incurred in acquiring the right to use the fibre optic cable over a period of twenty years; (ii) to increase wear and tear on telecommunication equipment including the fibre optic cable from 12.5 per cent to 20 per cent and, (iii) to provide tax deduction of 5% on computer software. Secondly, since 2000 when only about 200,000 Kenyans had the privilege to own a mobile handset, the mobile telephony industry has grown tremendously, now estimated at about 17.5 million subscribers. Mobile telephones have, therefore, become an essential aspect of our daily communication and transaction system. To make the telephone sets more affordable to wananchi and expand the subscription base, I propose to exempt from VAT, all telephones, for cellular networks or other wireless networks. I do hope the dealers in these products will pass this benefit to ordinary wananchi by lowering prices. Thirdly, several policy measures have been taken in the past to decongest our major urban centres by encouraging investors to locate their investments outside the major central business districts. While the response to some of these measures has been positive, a number of investors still prefer to invest only within the urban centres. To further encourage dispersion of investment outside the central business districts, I propose a very generous investment allowance of 150 per cent to any person who makes substantial investment in any satellite town outside Nairobi, Mombasa and Kisumu."
}