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{
    "id": 689567,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/689567/?format=api",
    "text_counter": 680,
    "type": "speech",
    "speaker_name": "Hon. Langat",
    "speaker_title": "",
    "speaker": {
        "id": 384,
        "legal_name": "Benjamin Kipkirui Langat",
        "slug": "benjamin-langat"
    },
    "content": "Hon. Temporary Deputy Chairlady, I beg to move:- THAT, the Bill be amended by inserting the following new clause immediately after Clause 59- Insertion of new 72. The Betting, Lotteries and Gaming Act is amended by section 29A in inserting the following new section immediately after section Cap. 131. 29− 29A.(1) There shall be a tax to be known as betting tax chargeable at the rate of seven point five per cent of the gaming revenue. (2) The tax shall be paid to the Collector by the licensed bookmaker on the 20th day of the month following the month of collection. Hon. Temporary Deputy Chairlady, as read by the Leader of the Majority Party, there was an Amendment Bill called Betting, Lotteries and Gaming (Amendment) Bill, which sought to introduce new taxes to this sector. After consultations with the National Treasury, it was felt that that entire proposal for taxation should be brought to Finance Bill. This is because by Friday, the Finance Bill will have been passed and those companies will start paying taxes with the new rates. So, basically, those proposals are from that Bill and so there will be a new tax on betting, called Betting Tax, which is charged at the rate of seven percent of the gaming revenue. This is 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."
}