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{
    "id": 1512469,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1512469/?format=api",
    "text_counter": 840,
    "type": "speech",
    "speaker_name": "Molo, UDA",
    "speaker_title": "Hon. Kuria Kimani",
    "speaker": null,
    "content": "(i) by deleting sub-paragraph (i); (ii) by deleting subparagraph (ii); (iii) by deleting subparagraph (iii); (iv) by deleting subparagraph (iv). (v) by deleting subparagraph (v). This is where the Committee disagrees with the national Treasury on moving these items from being exempt to standard rate, even after the public participation exercise. The items are aeroplanes and other aircrafts. We have space craft and other aircraft spare parts that are specially designed, and locally assembled motor vehicles for transportation of tourists. This is about retention of VAT exemption status for the supply of importation of these goods, which is supposed to encourage growth of the aviation industry and aid the generation of revenue for our country. This will also help our national carrier, Kenya Airways (KQ) to continue making profits. The VAT exemption status of capital goods by the Cabinet Secretary is providing for a profit of not less than Ksh2 billion to promote the cooking fuel industry. This will reduce household costs by exempting denatured ethanol. It will also promote local manufacturing by VAT exemption on raw materials for manufacture of textiles. There is VAT exemption of goods for official use by Kenya Defence Force (KDF) Welfare Services and air ticketing services supplied by travel agents. We found this would hurt the tourism sector. In addition, there is VAT exemption on transfer of business so that we can encourage business structuring. If you want to transfer your business to someone else, that will now be exempted from VAT."
}