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{
    "id": 910350,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/910350/?format=api",
    "text_counter": 318,
    "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": "You will have an opportunity to look at that. Although currently there is low uptake of electric powered motor vehicles in the country, green energy technology is being embraced in many countries due to environmental benefits and renewability. Kenya too needs to promote the use of this clean type of energy in line with the Sustainable Development Goal 7 which can be achieved through lowering the cost of these vehicles through tax incentives. This will encourage uptake of these vehicles as well as encourage investment in this area of technology. Further, it will support the policy on green energy thereby reducing carbon emission. In this regard, I propose to reduce the Excise Duty on motor vehicles that are fully powered by electricity to 10 per cent. Excise revenue has declined from approximately 3 per cent of GDP in 2003/2004 to about 2 per cent in 2017/2018. The law currently provides for an annual inflation adjustment for excisable goods that have a specific rate. The adjustment was done last year and the rates of Excise Duty on these goods were increased by 5.2 per cent. Although the rates will be adjusted again in July 2019 by the inflation rate provided by the Kenya National Bureau of Statistics, the adjustment may not be adequate to address the declining trend of the excise revenues. In order to address this decline and to boost excise revenues, I propose to increase the rates of Excise Duty on cigarettes, wines and spirit by 15 per cent. In other words excise duties on alcohol and tobacco will be increased as follows: a 750ml bottle of wine will have an Excise Duty of Kshs136 which is Kshs18 more from the current rate and the duty of a bottle of whisky will go up by Kshs24 to Kshs182 for a 750ml bottle."
}