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{
    "id": 910298,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/910298/?format=api",
    "text_counter": 266,
    "type": "speech",
    "speaker_name": "Mr. Henry Rotich",
    "speaker_title": "The Cabinet Secretary for the National Treasury",
    "speaker": {
        "id": 13142,
        "legal_name": "Henry Rotich",
        "slug": "henry-rotich"
    },
    "content": "Hon. Speaker, in addition, there has also been a large accumulation of VAT refunds at the KRA, which emanate from the 6 per cent VAT Withholding Tax. We are currently working on the modalities for settling these obligations and I intend to engage the business community immediately in order to come up with a workable solution. Going forward, we intend to lower the VAT Withholding Tax to a level that will eliminate the need for KRA to make refunds. I will be making proposals to lower the VAT Withholding rate under the tax proposals later in this Budget Statement."
}