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{
    "id": 1590483,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1590483/?format=api",
    "text_counter": 413,
    "type": "speech",
    "speaker_name": "Nominated, ODM",
    "speaker_title": "Hon. Irene Mayaka",
    "speaker": null,
    "content": " Thank you, Hon. Temporary Speaker for giving me this opportunity to support the Finance Bill, 2025. At the outset, I thank the Committee for doing a very fantastic job. One of the things that has emerged from this particular Finance Bill is that it is not merely a revenue collecting tool. It is more of policy-driven, and I believe this is the way to go. As a country, we want a tax system that is clear, predictable and accessible. We also need to tell the country that this particular Finance Bill is modest in terms of ensuring that the local mwananchi has not been affected. There are a couple of clauses that I have taken particular interest in, and I would like to express my support for them and especially, the amendments proposed by the Committee. Clause 2 of the Bill is on exemptions of pension payment, not only for the monthly payments but also, for lump sum payments. That proposal is welcome because we operate in a world that revolves around black tax. In my view, enabling our pensioners to be exempt from paying taxes on their earnings goes a long way in terms of trickling down to even those who depend on them. Clause 8 of the Bill speaks about incentives to people who are building stadiums as well as those who support our sports, especially sponsors. This is very important because it speaks about the need to nurture talent. I also commend the young man who spoke about e- Committee. As Parliament, this is a direction we should all take because it will help us save on using paper. With those few remarks, I support the Finance Bill, 2025. I thank the Committee for doing a fantastic job. I, thank you."
}