All parliamentary appearances
Entries 6221 to 6230 of 17810.
-
27 Jun 2018 in National Assembly:
(Garissa Township, JP)
view
-
27 Jun 2018 in National Assembly:
Hon. Speaker, I beg to give notice of the following Motion: THAT pursuant to the provisions of Standing Order 28(4), this House resolves to further alter its Calendar for the Second Session (2018) as adopted on 14th February 2018
view
-
27 Jun 2018 in National Assembly:
and altered on 1st March 2018 by proceeding to a recess from Thursday 5th July 2018 at the rise of the House and resuming its regular sittings on Tuesday 24th July 2018.
view
-
27 Jun 2018 in National Assembly:
The Chair has said taxation is on the winning bet. Therefore, if you lose, you have not won. If you lose seven times but win once, you will be taxed on the one you have won and the difference. I think the Chair has made this very clear.
view
-
27 Jun 2018 in National Assembly:
Hon. Temporary Deputy Chairman, I advise the Chair of the Departmental Committee on Finance and National Planning to drop this amendment. The principle of collecting taxes is anchored on the PIN and withholding tax certificate. There is no way we will collect tax on winners if the person does not have those documents. It is incumbent upon the same companies to register their clients. They must register their clients and have their ID cards and PIN.
view
-
27 Jun 2018 in National Assembly:
Hon. Temporary Deputy Chairman, the deletion the Chair has proposed on Paragraph 56 of the First Schedule of the Income Tax is the position of the National Treasury. They support the deletion. The reason they have given, which I totally agree with, is that it will give undue advantage to developers and operators especially those operating outside the Special Economic Zone. The developers and operators in these zones only enjoy tax benefits and, therefore, should not be exempted from the Capital Gains Tax. So, when they are within the Special Economic Zone, they enjoy certain tax benefits and rebates. The ...
view
-
27 Jun 2018 in National Assembly:
On the power producers, the amendment to Part 1 of the Schedule of the Income Tax seeks to delete the proposed new paragraph, but the input of the amendment by the Chair on power is to attract more investment in the power sector and consequently lower the cost of energy in our country. There are many investors who want to invest in solar, wind and geothermal energy outside the Special Economic Zone. They are not in the Special Economic Zone. The Chair is trying to delete those in the Special Economic Zones. Those people enjoy certain tax benefits whether they ...
view
-
27 Jun 2018 in National Assembly:
We are confusing Members. Based on the support of the National Treasury who owns this Bill, we are deleting Paragraphs 56 and 57. Those provisions are giving investors in the Special Economic Zones undue advantage in terms of getting extra tax rebates in the name of capital gain. We are deleting that. This new amendment gives power producers outside the Special Economic Zone incentives to invest in the country in order to reduce our power cost is a different amendment by the Committee. First, we need to deal with the deletion and that can be New Section 56. The problem ...
view
-
27 Jun 2018 in National Assembly:
Let me give the position of the National Treasury. I think our starting point as Hon. Dawood puts it is that the current taxation net betting income is at 35 per cent, according to the Kenya Revenue Authority. Information given to the Committee is that the estimated gross income from this sector is Kshs206 billion. The total winnings are Kshs181 billion out of that. So, the net betting income is Kshs25 billion. The genesis of taxing winners is coming from this position. What the Chair is trying to do is to change what was on the Bill. The Bill provides ...
view
-
27 Jun 2018 in National Assembly:
Every statement you make in the House must be a statement of fact. What I am giving is a fact from the KRA. What is he giving to tell me that I am misleading the House? This is a statement of fact and I can table this document on the Floor of the House. In a year, the estimated gross income from this sector was Kshs206 billion. Out of it, total winnings were Kshs181 billion. The net betting income was Kshs25 billion, which is what we taxed. The Government taxed the Kshs25 billion. That is why we want to amend ...
view