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{
    "id": 376701,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/376701/?format=api",
    "text_counter": 541,
    "type": "speech",
    "speaker_name": "Hon. Njenga",
    "speaker_title": "",
    "speaker": {
        "id": 1510,
        "legal_name": "Francis Kigo Njenga",
        "slug": "francis-kigo-njenga"
    },
    "content": "Thank you, hon. Temporary Deputy Speaker. I stand to second this Bill. I have interacted with this Bill as a member of the Budget and Appropriation Committee and also as a member of ICPAK. No country can develop without raising revenue cheaply, efficiently and effectively. I have also been in practice as a certified public accountant. I was an auditor and I have read through the revised VAT Act, 2003. One of the salient features that I have noted is the reduction of the zero-rated goods. The Government and even KRA do not have resources and ability to confirm the input taxes that are claimed on zero-rated goods. By this I mean that people dealing in goods that are not going to be VAT rated are given by the Act a chance to claim the input tax they have suffered; since there is no capacity we have seen cases where rampant corruption has taken place and the KRA lost a lot of money. This is preventive as well as futuristic. This shifts the benefit from the Government to business people."
}