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{
    "id": 579102,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/579102/?format=api",
    "text_counter": 183,
    "type": "speech",
    "speaker_name": "Hon. Mwaura",
    "speaker_title": "",
    "speaker": {
        "id": 13129,
        "legal_name": "Isaac Maigua Mwaura",
        "slug": "isaac-mwaura"
    },
    "content": "Thank you, Hon. Deputy Speaker. I rise to support this Finance Bill. Going through the Bill, there are some few issues that one is able to recognise. The first issue is concerning the 3 per cent that is provided in Clause 6 (a). While there have been reservations with regard to the capital to invest in real estate, Kenya Revenue Authority (KRA) has been having a serious challenge when it comes to collection of tax. The two options that are given here, and particularly the per cent option, in my opinion, are very good. Many people will want to register their gross income in terms of rent. I do not know whether this is a tactical move by KRA to net people with income and then raise this percentage in subsequent financial Acts. If that were to be the case then it would be very tactical, because people are going to declare how much they earn. The earlier practice of having to show the amount of expenses that you have had which may not exceed 50 per cent was a bit debatable, because it was left at the discretion of those who were supposed to go through your returns. The challenge is that this cost will be passed over to Kenyans in terms of the rent going up. This is something that the Mover of the Bill needs to consider going forward. It does not just apply here. I am actually concerned that if you look at the provision on the Kshs3 for the Road Annuity Fund, with the passing of this Finance Bill, we are going to see an increase in the price of petrol, petroleum based products and the cost of transportation. Be that as it may, we need to ask for value for money. There is already a fuel levy and now there is this road annuity. The last time I checked the fuel levy it was Kshs9; so this will increase it to Kshs12 per litre. If that were to be the case, it would then mean that we need to look at ways and means of ensuring that we 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."
}