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{
    "id": 954997,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/954997/?format=api",
    "text_counter": 181,
    "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": "The previous Finance Bill did away with the turnover tax and in its place brought a presumptive tax. It was introduced to replace the turnover tax. This particular presumptive tax was attached to licensing. With the presumptive tax, if you are in business, you are required to renew your license yearly. So, the intention was that when you are renewing your license you are required to pay 15 per cent of that as presumptive tax. So, say, if you are paying Kshs1,000 for your license, 15 per cent of that being Kshs150 is actually the tax which is paid as presumptive tax in place of turnover tax."
}