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{
    "id": 326848,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/326848/?format=api",
    "text_counter": 586,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Section 35 of the Income Tax Act is amended – section 35 of Cap 470. (a) (a) in subsection (1) – (i) (i) by deleting paragraph (j). (ii) (ii) by inserting the following new paragraph - (k) (k) the sale of property or shares in respect of oil companies, mining companies or mineral prospecting companies; (iii) (iii) by inserting the following new paragraph immediately after paragraph (k) – (l) (l) gains or profits from the business of transmitting messages which is chargeable to tax under section 9(2). (b) (b) in subsection (3) – (i) (i) by deleting paragraph (i); (ii) (ii) by inserting the following new paragraph at the end thereof - (j) (j) the sale of property or shares in respect of oil companies, mining companies or mineral prospecting companies. Mr. Temporary Deputy Chairman, Sir, this is basically proposing to delete the proviso. What I am trying to do is that this country is now a tax-paying nation. We want everybody to be filing income tax returns. That proviso will require that everybody with taxable income will be required to file their income tax returns. This gives the right atmosphere for tax payments and even from the returns the KRA is able to get more evidence and facts on whether all taxes are being paid. This is now a tax-paying nation."
}