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{
    "id": 808263,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/808263/?format=api",
    "text_counter": 192,
    "type": "speech",
    "speaker_name": "Garissa Township, JP",
    "speaker_title": "Hon. Aden Duale",
    "speaker": {
        "id": 15,
        "legal_name": "Aden Bare Duale",
        "slug": "aden-duale"
    },
    "content": "Hon. Temporary Deputy Speaker, the Tax Laws (Amendment) Bill 2018 basically seeks to amend three tax related statutes with the objective of enhancing efficiency, national revenue mobilisation and cushioning the public by supporting their livelihoods and socio-economic welfare. The tax laws being amended by this Bill are as follows: (i) The Income Tax Act, Cap. 470. (ii) The Stamp Duty Act Cap. 480. (iii)The Value Added Tax 2013 No. 25 of 2013 In summary, this Bill seeks to amend the Income Tax Act. These are proposals. From the outset, I want to say categorically that all the highlights of the taxation measures that the CS read are proposals. This House and its committees will deal with this matter. When the Finance Bill is introduced, and we get to the Committee of the whole House on the Tax Laws (Amendment) Bill, we will make sure that we balance the interests of the State in raising revenue to support Government programmes and at the same time, represent the interests of the people of Kenya. The Income Tax Act wants to introduce a tax on winnings in terms of gaming and lottery. It is also trying to create and give an incentive to home owners in our country. How does it do this? It is amending the Stamp Duty Act to provide for an incentive to first-time home owners The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}