Entry Instance

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

{
    "id": 1508304,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1508304/?format=api",
    "text_counter": 104,
    "type": "speech",
    "speaker_name": "Ainamoi, UDA",
    "speaker_title": "Hon. Benjamin Lang’at",
    "speaker": null,
    "content": "Hon. Deputy Speaker, Clause 6 of the Bill proposes to amend Section 47 of the principal Act to provide timelines for the application of offset or refund of overpaid tax. For the first time, this Bill has allowed taxpayers who have overpaid taxes to claim against the outstanding taxes or future liabilities. Previously, if you overpaid income tax but had a refund on Value Added Tax (VAT), the procedure was that you had first to pay your income tax as you waited for your refund. However, with this amendment, if I have a VAT refund but have overpaid income tax, we can net it off because it is difficult for the Government to refund that amount. For the first time, there is a provision that if one tax is overpaid and there is a refund in the other, we net it off. You can claim Income Tax for up to five years. For all other taxes, the Bill proposes claiming up to six months. However, as a Committee, we have agreed to extend the six months to 12 months to give taxpayers enough time to lodge the claims for overpaid taxes."
}