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{
    "id": 488953,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/488953/?format=api",
    "text_counter": 535,
    "type": "other",
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    "speaker": null,
    "content": "(c) by the United Nations or its agencies. Hon. Temporary Deputy Chairman, after consultation with the National Treasury, what has been happening is that the Government has been paying contractors 100 per cent inclusive of the VAT. This proposal seeks to ensure that Government agencies will pay their contractors inclusive of 10 percent of VAT. They will withhold six per cent of it. This provision was there before; we will limit the amounts of refunds, which will be claimed eventually because already Government agencies will have six per cent to take to KRA, and then the contractor will go and work on input and output balances. If there will be any set- offs to be done, then it will be taken to the KRA. What we had was that on average when you compute the net effect of input- output, it is roughly six percent. This provision was there initially; 16 per cent was withheld by Government agencies, but this one is fairer to both sides, because we are saying we withhold six per cent and pay the contractor their dues plus 10 per cent of the VAT; they will go and do their other things and file returns; if there will be any set-off, then it will be--- Already the Government has six per cent of their amount. This is also very good for the contractors because it will not lead to piling up of amounts payable to KRA, because already the Government will have taken part of it. For 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."
}