Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 326814,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/326814/?format=api",
    "text_counter": 552,
    "type": "speech",
    "speaker_name": "Mr. Githae",
    "speaker_title": "The Minister for Finance",
    "speaker": {
        "id": 159,
        "legal_name": "Robinson Njeru Githae",
        "slug": "robinson-githae"
    },
    "content": " Mr. Temporary Deputy Chairman, Sir, I beg to move:- THAT, the Bill be amended by deleting Clause 9 and substituting therefore the following new clause – Amendment 9. The Fifth Schedule to the Customs and Excise of the Fifth Act is amended in the manner specified in – Schedule to Cap.472 (a) item 1 of the Second Schedule to this Act; (b) item 2 of the Second Schedule to this Act; (c) item 3 of the Second Schedule to this Act. (d) item 4 of the Second Schedule to this Act. The purpose of this amendment is to introduce Excise Duty of 10 per cent on money transfer services and fees charged by financial institutions. The amendment also seeks to increase the ad volem rate of Excise Duty on alcoholic beverages from 40 per cent to 50 per cent. The amendments are intended to expand the tax base, ensure equity and enhance Government revenue to support the financing of priority expenditures. I will explain so that it is clear to hon. Members. The current law requires that we use the retail selling price. It has been very difficult to determine what the retail price is because there are some hotels which charge Kshs200 for beer while others charge Kshs70. So, we now want to go to the ex-factory price on the figure stated. The effect of this is that there should be no increase in beer prices. If on the contrary, it should go down but we will have enhanced revenue because of the difficulties of collecting tax based on average resale price. Thank you. I beg to move."
}