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{
    "id": 825266,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/825266/?format=api",
    "text_counter": 470,
    "type": "speech",
    "speaker_name": "Kipkelion East, JP",
    "speaker_title": "Hon. Joseph Limo",
    "speaker": {
        "id": 1915,
        "legal_name": "Joseph Kirui Limo",
        "slug": "joseph-kirui-limo"
    },
    "content": "To try to expand the revenue collection, the Bill proposes to introduce tax on demurrage charges and insurance premiums which currently is not being paid. At the same time, there is turnover tax which is paid by the informal sector. This Bill proposes to abolish that and introduce presumptive tax which will be paid by any business entity or individual who has a turnover of less than Kshs5million. This tax will lessen the complexities of collection of taxes from small businesses. It will be pegged on acquisition of single business permits. This will lessen the long procedures of computing presumptive tax because it will be pegged on the fee which business people pay to acquire single business permit. It will be pegged at 15 per cent of what they pay. If you are paying Kshs1000, it is 15 per cent of that which is a modest fee. This will help to collect taxes from so many people. Therefore, this tax is trying to net as many people as possible."
}