Amos Kimunya

All parliamentary appearances

Entries 5791 to 5800 of 6175.

• 14 Jun 2007 in National Assembly: June 14, 2007 PARLIAMENTARY DEBATES 1839 Mr. Speaker, Sir, on measures to encourage regional integration, as a demonstration of our commitment to the EAC regional integration in accordance with the East African Community Protocol, I propose to do the following: (i) Treat all citizens of the EAC partner states who invest within the Nairobi Stock Exchange and earn a dividend income as residents and they will only pay withholding tax at the rate of 5 per cent just like Kenyans. (ii) I am also proposing to amend the Capital Markets Act to increase the percentage of Initial Public Offers (IPOs) ... view
• 14 Jun 2007 in National Assembly: Mr. Speaker, Sir, on measures to promote equity and enhance access to medicare and education, I have received various representations from Kenyans proposing a reduction in personal income tax. However, given the various projects we intend to finance and the targeted intervention by the Government to reduce poverty, it will not be desirable to address this issue in this Budget. We consider rationalisation of the tax brackets as a priority policy and I have accordingly instructed my officers to conduct comprehensive simulations and propose possible options for consideration in the next fiscal year. In the meantime, our analysis shows that ... view
• 14 Jun 2007 in National Assembly: Mr. Speaker, Sir, on education, establishment of private universities has continued to play a vital role in enhancing knowledge and skills development amongst our youth in this country. In order to encourage the expansion of these institutions, I propose to zero-rate taxable goods and services supplied by registered persons for use in the construction or expansion of private universities, excluding student hostels and staff housing which are already covered by a different regime. Mr. Speaker, Sir, to further promote equity in our Excise tax systems and to enhance tax administration, I propose to introduce the following simplifications:- On cigarettes, I ... view
• 14 Jun 2007 in National Assembly: This measure is intended to harmonise the Excise regime for domestically produced as well as imported cigarettes and to enhance our tax administration. This measure will also deal with any trade in counterfeit and contraband cigarettes. In addition, I also propose to adjust the rates by a modest increase in Excise Tax on cigarettes falling within category "B", "C" and "D" by a modest Kshs1.70 per packet in "B", Kshs4.20 per packet in "C" and Kshs6.20 per packet in "D". view
• 14 Jun 2007 in National Assembly: I have deliberately left out category "A" for the non-filter cigarettes to save the people in that category! view
• 14 Jun 2007 in National Assembly: I expect this modest contribution by smokers will assist the Government in financing health care provision and other development priorities. Mr. Speaker, Sir, the next simplification I propose is to convert the current complex taxation of spirits, which is currently at Kshs120 per proof-litre or 65 per cent of its equivalent. The equivalent works out to Kshs200.40 per litre or 65 per cent. I want to simplify this in line with internationally accepted World Customs Organisation (WCO) Nomenclature, which basically provides a litre as the unit of measure rather than the proof litre. I further propose to also adjust upwards ... view
• 14 Jun 2007 in National Assembly: In addition to the above, I also propose some moderate increase in Excise Tax on malt beer by Kshs2 per litre basically to bring the Kshs48 to a rounded figure of Kshs50 per litre. view
• 14 Jun 2007 in National Assembly: I have talked about simplifications. This modest increase will make a token contribution, again, towards the financing of the tuition fees in secondary schools. Mr. Speaker, Sir, on these sets of simplifications, I also wish to introduce a specific Excise Tax on mineral water at Kshs6 per litre besides the current ad valorem of 10 per cent per litre. It basically translates to the same but we now want to capture it in both specific as well as ad valorem to avoid the cheating and the under-declarations that we have been witnessing. As usual, these Excise measures are effective from ... view
• 14 Jun 2007 in National Assembly: I also propose to zero-rate pyrethrum extracts in order to encourage the manufacture of insecticides using local pyrethrum extracts and also to bring it in line with other imported raw materials for insecticides which are currently zero-rated. Mr. Speaker, Sir, last year, I reviewed the Export Duty on local hides and skins upwards to 20 per cent or Kshs10 per kilo in order to encourage local value-addition and ensure availability of raw materials for the local tanneries and to create employment. In order to give further impetus to value-addition in this important sector and to encourage the now evident growth ... view
• 14 Jun 2007 in National Assembly: I further propose to impose a ban on the very thin plastic bags, specifications of which will be contained within the notice. These measures are expected to encourage the industry players to devise environmentally friendlier, and hopefully, recyclable bags for our shops. view