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{
    "id": 1590435,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1590435/?format=api",
    "text_counter": 365,
    "type": "speech",
    "speaker_name": "Kesses, UDA",
    "speaker_title": "Hon. Julius Rutto",
    "speaker": null,
    "content": "Hon. Speaker, another issue that is coming out is the tax levied under Clause 6 of the Bill, which is trying to address the Significant Economic Presence Tax. The last Finance Act gave a threshold limitation of Ksh5 million. However, it became clear that most practitioners in this space of business are not within the boundaries of the Republic. As you are aware, non- residents do not file taxes. Therefore, the proposal to eliminate this particular threshold was welcome, so that everybody who derives income within the boundaries of Kenya would be required to pay tax despite the limits of whatever income they derive in this Republic."
}