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{
    "id": 846741,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/846741/?format=api",
    "text_counter": 268,
    "type": "speech",
    "speaker_name": "Funyula, ODM",
    "speaker_title": "Hon. (Dr.) Wilberforce Oundo",
    "speaker": {
        "id": 13331,
        "legal_name": "Wilberforce Ojiambo Oundo",
        "slug": "wilberforce-ojiambo-oundo-2"
    },
    "content": "I just want to start by commenting on the issue of Presumptive Tax. The Presumptive Tax is a very noble idea. It is meant to basically remove the rigors and the complexity associated with the other form of taxation for smaller businesses in filing tax returns at the end of each financial year. However, the assumption that any incorporated company is not a small business is unreasonable and not correlated to reality on the ground. So, I really request the Departmental Committee on Finance and National Planning to reconsider and clearly indicate that any person, either incorporated or not, with a turnover of less than Kshs5 million, should automatically be subjected to Presumptive Tax and remove the exemption put under Section 12C(5)(c) of the Finance Bill. This then means that for purposes of business, even if you do a small business and it is incorporated, you are not allowed to benefit from the Presumptive Tax."
}