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{
    "id": 450105,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/450105/?format=api",
    "text_counter": 205,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Hon. Speaker, increased agricultural productivity is essential to our industrial take-off, tackling the challenges of food security and reducing cost of living. In order to make farm inputs cheap and affordable to our farmers, I have exempted all imported inputs used in the processing and preservation of seeds for planting. Hon. Speaker, in 2004, Customs Law became part of the East African Community Customs Management Act and the Excise Duty legislation remained under the Customs and Excise Law. This change has necessitated the introduction of a standalone Excise Bill, which will shortly be tabled before this House. The new Excise Duty Bill will be a simple and modern Bill, incorporating the international best practices. The Bill will be tabled in Parliament after going through public participation as required by the Constitution and Statutory Instruments Act. As part of deepening tax reforms and enhancing tax administration, Parliament in 2012 enacted a new VAT law. This new law has made it easier for taxpayers to comply and reduced significantly the monthly claims for the VAT refunds. In order to facilitate the implementation of the new VAT law, the National Treasury has prepared VAT regulations. The regulations provide clarification and interpretation of key areas of the law to facilitate consistent operationization and enforcement of the provisions. Regarding the issue of VAT refunds backlog, we recognize the burden that our affected private sector face and we intend to develop a long lasting solution within the next few months."
}