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{
    "id": 1586216,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1586216/?format=api",
    "text_counter": 623,
    "type": "speech",
    "speaker_name": "Homa Bay Town, ODM",
    "speaker_title": "Hon. Peter Kaluma",
    "speaker": null,
    "content": "THAT, the Bill be amended by inserting the following new clause immediately after Clause 42 — Amendment of First 42A. Part II of the First Schedule to the Excise Duty Act is Schedule to Cap.472 amended− (a) by deleting paragraph 4A and substituting therefor the following new paragraph— 4A. Excise duty on betting shall be five per cent on the amount deposited into a customer’s betting wallet: Provided that this paragraph shall not apply to horse racing.by deleting paragraph 4B and substituting therefor the following new paragraph – 4B. Excise duty on gaming shall be five per cent on the amount deposited into a customer’s gaming wallet. (b) in paragraph 4C by deleting the words “fifteen per cent” and substituting therefor the word “five per cent”; (c) in paragraph 4D by deleting the words “fifteen per cent” and substituting therefor the word “five per cent”; (d) by inserting the following new paragraph immediately after paragraph 8− 9. Excise duty on fees charged on virtual assets transactions by virtual asset providers shall be ten percent of the excisable value. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}