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{
    "id": 988224,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/988224/?format=api",
    "text_counter": 214,
    "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. Deputy Speaker, I do not want to repeat what the Leader of the Majority Party has said. I want to concentrate on how the Bill was processed. It was brought in by the Government to reduce the impact of COVID-19 pandemic on Kenyans. The President pronounced himself and gave measures to be carried out. In line with financial management, the National Treasury came up with various tax measures to ensure that the issues of supply and demand are addressed. This Bill proposes several measures, among them to cushion Kenyans earning below Kshs24,000 from paying tax. This measure affected the bands and gave benefits to the top rate earners. The President also pronounced himself that the Government appreciates that COVID-19 will not spare the corporate businesses and were given 5 per cent tax relief. To raise the various revenues required to fund this, the Government proposed various tax measures touching on Income Tax, VAT and Presumptive Tax which was there, and the Turnover Tax. We went through all these proposals. We went through memoranda from various stakeholders, who were given 14 days to respond to the proposals given by the Government. We received over 70 memoranda from the public, among them: The Kenya Private Sector Alliance, Kenya Manufacturers Association, various stakeholders in the Nairobi Securities Exchange (NSE), Law Society of Kenya, Capital The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}