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{
    "id": 482867,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/482867/?format=api",
    "text_counter": 333,
    "type": "speech",
    "speaker_name": "Hon. Mwaita",
    "speaker_title": "",
    "speaker": {
        "id": 100,
        "legal_name": "Sammy Sila Komen Mwaita",
        "slug": "sammy-mwaita"
    },
    "content": "New Insert the following new subsection immediately after subsection (3)— “(4) In this section, the expressions “micro enterprise” and “small enterprise” have the meanings assigned thereto respectively in the Micro and Small Enterprises Act, 2012”. This is where the penalty is currently slapped at five times, which I thought is very punitive and when you compare with the financial sector, five times is way beyond. It does not encourage investors. It does not encourage employers to add their number of employees. Secondly, even with the NSSF, the percentage is 5 per cent and it is silent on what happens to self employed persons. So, I was proposing that we break it into two: Small and microenterprises at 25 per cent and then for the other enterprises like medium and large, we charge it at two times."
}