{"id":376701,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/376701/?format=json","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."}