Entry Instance

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

{
    "id": 482468,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/482468/?format=api",
    "text_counter": 268,
    "type": "speech",
    "speaker_name": "Hon. A.B. Duale",
    "speaker_title": "",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "Hon. Temporary Deputy Speaker, some taxpayers in our country deny KRA access to their business records. This has been there or even others change their business premises the moment they hear KRA is around the corner. This has really posed a challenge to tax collection. In the Constitution, it is a moral obligation for every citizen to pay his or her taxes and these are the same taxes that will be used prudently on infrastructure, social security nets and the CDF that Members of Parliament are getting. That is why Parliament has been given the powers to oversee other organs. So, in order to address this challenge, the Bill seeks to amend the Income Tax to require both local and foreign taxpayers to provide the Kenya Revenue Authority with information and records including information on their business and on their corporate structure. This is part of the reform that the Kenya Revenue Authority has been doing. I want to thank the current Commissioner General of Kenya Revenue Authority, one Mr. Njiraini. Since he took over the collection of taxes, it has always been surpassing its intended target. The enforcement of the Competition Act is also faced with a number of challenges due to lack or insufficient provisions in dealing with this Act. In this regard, the Minister through this Bill proposes to amend the Competition Act in order to create a predictability, transparency and accountability which is in line with international practice in as far as enforcement of this Act is concerned. What he has done is that he has only decided that the Competition Act that is in place must be in tandem with the international best practice. Finally, Sections 27, 47 and 51 of the Bill talk about the newly enacted National Social Security Fund Act that has created some inconsistency with the old retirement benefits Act, which is basically the law that is regulating this sector. In order to solve this inconsistency, which is identified in NSSF Act, this Bill proposes to amend the Act to ensure that we have both a smooth regulation and supervision of the financial sector. Those are the main highlights, but before I sit down the Member of Gatundu North was talking about governors whose counties will not receive resources. Whether it is the national Government or the county government, Parliamentary oversight committees like the Public Accounts Committee of the National Assembly or the Public Accounts Committee of the Senate, The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}