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{
    "id": 290497,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/290497/?format=api",
    "text_counter": 12,
    "type": "speech",
    "speaker_name": "Mr. Githae",
    "speaker_title": "The Minister for Finance",
    "speaker": {
        "id": 159,
        "legal_name": "Robinson Njeru Githae",
        "slug": "robinson-githae"
    },
    "content": "(a) In implementing the recommendations of the 2011/2012 “Doing Business Report”, the Government has, firstly, benchmarked with other countries such as Mauritius in order to learn the best practices. Secondly, the Government has established a regulatory reform working committee to co-ordinate all the regulatory reforms. Thirdly, the Business Regulatory Reform Unit has been established in the Ministry of Finance to implement the reforms under the guidance of the reform committee. (b) In order to improve the country’s overall investment in future, the Government has developed an implementation matrix that serves as a strategy document for improving Kenya’s performance in the next ranking. A system of regulatory impact assessment has also been developed with clear guidelines and will be launched soon. The Business Regulations Bill is currently under the consideration of the Attorney-General. The Bill provides for the establishment of an electronic registry for business licences, which will act as a platform for entering, storing and availing information about all business licences requirements in Kenya. The electronic registry will also facilitate easy access to exhaustive information about business licences and the formalities that businesses must comply with to obtain licences. (c) In order to simplify payment of taxes and regulations for investors, the Government is currently reviewing tax laws on Excise Duty, Value Added Tax and Income Tax so as to bring them in line with the international best practice. The Government has also established the National Single Window System Project, which is intended to integrate and enable the sharing of trade and regulatory data. The biggest achievement has been automation of tax procedures through Phase One of the Integrated Tax Management System (ITMS). Phase Two has commenced, and this will greatly improve tax administration. Thank you."
}