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{
    "id": 809827,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/809827/?format=api",
    "text_counter": 221,
    "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 Chairman, the deletion the Chair has proposed on Paragraph 56 of the First Schedule of the Income Tax is the position of the National Treasury. They support the deletion. The reason they have given, which I totally agree with, is that it will give undue advantage to developers and operators especially those operating outside the Special Economic Zone. The developers and operators in these zones only enjoy tax benefits and, therefore, should not be exempted from the Capital Gains Tax. So, when they are within the Special Economic Zone, they enjoy certain tax benefits and rebates. The Bill was giving them extra capital gains. So, on that one, even the National Treasury agrees with the Chair with the deletion."
}