{"id":910298,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/910298/?format=json","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."}