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{
    "id": 685276,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/685276/?format=api",
    "text_counter": 126,
    "type": "speech",
    "speaker_name": "Hon. Mulu",
    "speaker_title": "",
    "speaker": {
        "id": 1955,
        "legal_name": "Benson Makali Mulu",
        "slug": "benson-makali-mulu"
    },
    "content": "The other area which the Committee needs to look into is tax refund period. The Bill proposes to increase that period from one year to five years. This means that if pay taxes that you should not have paid, KRA can take five years to refund the money to you. I am not convinced. Is it a matter of incompetence or not valuing the fact that an individual or company that has paid money to the Government needs to get that money back, so that they can invest it? Imagine your money being held by the Government for that long without it being invested. Tax refund period should be reduced to six months. It should not be increased five years. I am not convinced that we need to increase this time. We need to reduce the period to six months. If you pay your money to the Government and it is convinced that they should refund it to you, they should so within six months. If they say that the financial year is over, then one year is good enough because you can allow that money to be factored into the next Budget."
}