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"speaker_name": "Hon. Aden Duale",
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"content": "Hon. Temporary Deputy Chairlady, this is the crux of the matter. I want people to listen to me. This is the most important matter. You remember in Clause 18, the amendment of Hon. Junet proposed to amend Section B of Part I of the First Schedule to the VAT Act, 2013 by deleting the expression “1st September 2016” appearing in paragraph (ii). That is what we did in this House. Because the President has returned it, let me go on record that as we speak today, the VAT on petroleum products as passed by the House in 2013 stands. Whatever action we take this afternoon will change that position. I really want to speak to those who are saying “no” and ‘yes” so that we deal with this matter in the interest of the people of Kenya. So, notwithstanding paragraph (i), the exemption was to be extended by a further two years from 1st September 2018. The President disagrees with that, as provided in the Memorandum he has sent which is in the Order Paper and which I beg to move as it is. I will now go to the justification of why the President felt that he should disagree with the House and reduce the 16 per cent which was passed in 2013. After listening to the people of Kenya and their concerns, he said let us reduce it for this year to 8 per cent. The import of this provision is that at 16 per cent, the National Treasury was to collect a revenue of about Kshs35 billion by the end of June 2019. This figure is already factored in the revenue estimates for this financial year, Hon. Temporary Deputy Chairman."
}