Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 954998,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/954998/?format=api",
    "text_counter": 182,
    "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 intention was to collect more tax but they realised that it was difficult to implement. The intention was to bring taxpayers to a register but it was not itself a tax. So, this Finance Bill suggests that we return the turnover tax. So, one is required to assess oneself and declare. However, when you are applying for your license, you also pay a presumptive tax for the purpose of registering yourself as a taxpayer. If you, say, pay Kshs150 as presumptive tax, at the end of the financial year you are allowed to offset that Kshs150. If you assess yourself and say your tax is Kshs500, then you deduct that Kshs150. So, you pay the tax man Kshs350. So, this presumptive tax will then be treated as an advance tax for small businesses. That is what this Bill is attempting to do. It is expected that it will rope in more tax hence more revenue. The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}