Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 754907,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/754907/?format=api",
    "text_counter": 186,
    "type": "speech",
    "speaker_name": "Mr. Rotich",
    "speaker_title": "The Cabinet Secretary for the National Treasury",
    "speaker": {
        "id": 1242,
        "legal_name": "Ronald Kiprotich Tonui",
        "slug": "ronald-kiprotich-tonui"
    },
    "content": "25 per cent and plastic tubes for packing of toothpaste, cosmetics and similar products from 10 per cent to 25 per cent. I expect this measure will cushion the local manufacturers from cheap imports. Hon. Member, I have noted the challenges faced by employers regarding insurance premiums paid on behalf of employees for group life and group personal accident policy covers. I propose to exempt premiums for such covers where they do not confer a benefit to the employees. Hon. Members, persons with disabilities have this year concluded their first phase of the three year tax exemption status. I propose to extend the exemption period to five years. Hon. Members, I propose to amend the Income Tax Act so as to impose Withholding Tax on winnings from gaming and betting. This measure should make the winners to equally contribute towards the Exchequer. Hon. Members, the Government has initiated a review of the Capital Gains Tax under the Income Tax Act with a view to formulating modalities for its effective enforcement. This will allow wealthier members of our society to also make a token contribution towards our national development agenda. Hon. Members, I propose to table a number of legislative amendments in the revenue statutes in order to align them with the Constitution. This will ensure that the Excise, VAT and Income Tax legislations are in harmony with the Constitution. I also intend to put in place an enabling tax, legal and regulatory framework to streamline the entire Income Tax exemption management process in line with the Constitution. Hon. Members, unlike under the other tax statutes, KRA is currently not compounding tax offences under the Income Tax Act. I propose to improve the compounding framework for Income Tax which should encourage taxpayers with tax offences to engage KRA and sort out their tax cases outside the courts. Hon. Members, Sir, I propose to amend the Income Tax Act so as to empower the Commissioner to access books of accounts and where tax evasion is proved in court, collect Corporate Tax from officers of corporate bodies where they are convicted of tax fraud. These rare but bold measures are intended to deter tax cheats and enhance tax compliance. Some importers have turned the Port into a storage area thus contributing to congestion of cargo. In order to address this undesirable practice, I propose to amend the customs law to introduce customs warehouse rent for entered goods which remain at the port of discharge for a period exceeding 21 days from the date of commencement of discharge of the carrier. Hon. Members, in the Budget for Financial Year 2012/13, the Minister for Finance introduced a tax management system to minimize tendencies for mis-declaration and under-valuation by excisable firms. In line with this, the Kenya Revenue Authority (KRA) has rolled out a comprehensive excisable goods management system, which enjoins all players in the supply chain. In order to ensure effective implementation of the system, I have issued a new Gazette Notice “Excisable Goods Management System 2013”, which prescribes procedures and guidelines for its operations. 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."
}