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"id": 579709,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/579709/?format=api",
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"type": "speech",
"speaker_name": "Hon. A.B. Duale",
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"speaker": {
"id": 15,
"legal_name": "Aden Bare Duale",
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"content": "The essence of these economic special zones law which is the first one in the history of Kenya is for an investor, for example in Singapore, to know by reading this law, the incentives and benefits that are there. We had a big issue with the Cabinet Secretary for the National Treasury. We are saying that economic zones enterprise, developers and operators shall be granted exemption from all taxes and duties payable under this. However, that is now just a statement. Then that investor can go to the relevant laws which are Income Tax and VAT law. He can ask his experts to go to those laws but the moment we do not have these, then, basically, the law does not have any meaning to an investor out there. So, that is why I felt and I have discussed with even the National Treasury that the moment the investor reads this law, he can ask his experts to go to the relevant finance and taxation related specific laws. However, if these are not there, then what incentives make an investor in Singapore come and invest in these economic special zones? This happens to our neighbours in Tanzania."
}