All parliamentary appearances
Entries 8291 to 8300 of 17810.
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1 Mar 2017 in National Assembly:
Hon. Temporary Deputy Chairlady, I beg to move:
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1 Mar 2017 in National Assembly:
THAT, the Bill be amended in the Schedule- (b) in the items relating to the Income Tax Act (Cap.470) by inserting the following new rows in proper alphabetical sequence - First Insert the following new paragraph immediately after Schedule paragraph 45 ― 44A. The income of the National Hospital Insurance Fund established under the National Hospital Insurance Fund Act,1998 consisting of- (a) all contributions and other payments into and out of the Fund; and (b) monies invested under section 34 of the Act. Section Delete the word “four” appearing in paragraph (c) and 15(3) substituting therefor the word “five”. Third ...
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1 Mar 2017 in National Assembly:
Hon. Temporary Deputy Chairlady, this amendment deals with individuals who borrow from cooperative societies. First, let me declare that this is an amendment from the National Treasury. It is not mine. It allows individuals who borrow from cooperative societies registered 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.
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1 Mar 2017 in National Assembly:
under the Cooperative Society Act to deduct interest on loans used for the development of residential properties. What does it do? It is meant to extend tax incentives to owners of residential properties who are funded by cooperative societies. For example, if you borrow from Harambee Cooperative and you want to build a property, there is a certain tax incentive you will get under the Income Tax, if you really follow the Schedule. Basically, that is what it talks about.
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1 Mar 2017 in National Assembly:
Do you want me to read the whole of it?
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1 Mar 2017 in National Assembly:
I have done the one on the cooperative. You want me to go to the one on the income of the NHIF established under the National Hospital Insurance Fund Act, 1998 consisting of- (a) all contributions and other payments into and out of the Fund; and (b) monies invested under section 34 of the Act? The first amendment was just seeking to spur residential housing units and address Kenya’s housing gaps. But I think the one of the NHIF is just aligning it with the new Constitution. There is not much. It is just harmonisation of the Act.
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1 Mar 2017 in National Assembly:
I think what the Vice-Chair is trying to say is that, if you want to invest in LPG storage facility, you will get some waivers when you buy the material for that investment. But because KPC wants to build, there is a waiver on that. The intent is to make sure that when we have a local LPG facility in our country, the price will then go down as opposed to importing and keeping the ship in the high seas. In this amendment, the Vice-Chair is saying that we encourage investors who want to invest in LPG, including KPC.
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1 Mar 2017 in National Assembly:
Hon. Temporary Deputy Chairlady, I beg to move: THAT, the Bill be amended in the Schedule— (d)by inserting the following new item in its proper alphabetical sequence-
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1 Mar 2017 in National Assembly:
Miscellaneous Part A of Second Insert the following new item immediately Fees and Levies Schedule after item (xxi)─ Act, 2016 (No. 29 of 2016) (xxii) any other goods as the Cabinet Secretary may determine are in public interest, or to promote investments which value shall not be less than two hundred million shillings.
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1 Mar 2017 in National Assembly:
Part B of Second Insert the following new item immediately Schedule after item (v)─ (vi) any other goods as the Cabinet Secretary may determine are in public interest, or to promote investments which value shall not be less than two hundred million shillings. This amendment to Part A of the Second Schedule seeks to empower the CS for National Treasury to grant remissions of Import Declaration Fees (IDF) in public interest and promote investments of more than Kshs2 million, while the amendment to Part B of the Second Schedule seeks to empower the same CS to grant remissions of the ...
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