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{
    "id": 810125,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/810125/?format=api",
    "text_counter": 519,
    "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, I want to bring to the attention of the House what this Bill from the National Treasury is doing. Those of us who were in the 11thParliament know that it is the President who returned a memo for 35 per cent. I want the House to listen to me. I am ready to table the letter from the National Treasury because they had to make a commitment that they support what is in this Bill. The letter is about the justification for the introduction of the withholding tax on winning. The current taxation is on net betting income at 35 per cent as Hon. Mugambi has said. The letter states that according to KRA, the estimated gross income is Kshs206 billion while total winnings are Kshs181 billion; and net betting income is Kshs25 billion. The current taxation is on a net betting income at a rate of 35 per cent giving the annual tax revenue yield of Kshs8.7 billion. This means that only 12 per cent of the gross income is subjected to tax, leaving out 88 per cent. This is inequitable and needs to be corrected in order to enhance equity and fairness. 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."
}