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{
    "id": 954996,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/954996/?format=api",
    "text_counter": 180,
    "type": "speech",
    "speaker_name": "Kipkelion East, JP",
    "speaker_title": "Hon. Joseph Limo",
    "speaker": {
        "id": 1915,
        "legal_name": "Joseph Kirui Limo",
        "slug": "joseph-kirui-limo"
    },
    "content": "Hon. Temporary Deputy Speaker, the previous Finance Bill had introduced a concept called presumptive tax in place of turnover tax. To bring Members to speed, turnover tax is the tax paid by small businesses. There are a lot of businesses in the country, for example shopkeepers in the village. Their turnover is below Kshs5 million. Anybody in this country who is in business is required to declare their business turnover. You are supposed to do a self- assessment and declare, for instance, that you will pay tax of Kshs5,000 in a year. That is turnover tax. You declare it as long as your turnover is below Kshs5 million."
}