Amos Kimunya

All parliamentary appearances

Entries 5951 to 5960 of 6175.

• 14 Nov 2006 in National Assembly: Mr. Temporary Deputy Speaker, Sir, the principal objective of this Bill is to create an autonomous insurance regulatory authority through the conversion of the Department of Insurance of the Ministry of Finance. This move aims at upgrading the regulatory functions of the office of the Commissioner of Insurance and strengthen the powers and capacity of the regulator to enable it perform its role effectively and efficiently. Mr. Temporary Deputy Speaker, Sir, this Bill will provide for, among other things, the following: The first one is the establishment of the Authority. This is contained within Part Two of the Insurance Act, ... view
• 9 Nov 2006 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I beg to move:- THAT, Clause 4 be amended in Paragraph (a) by adding the following sub- paragraph immediately after item (ii)- (iii) in item 3 of the First Schedule. Mr. Temporary Deputy Chairman, Sir, this amendment seeks to align the First Schedule to the Bill with the Legal Notice that we issued on 11th July, 2006, which was basically to bring in tariff line 22071000, which was inadvertently omitted during the drafting stage of the Finance Bill. view
• 9 Nov 2006 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I would like to oppose the amendment by the Committee on the basis that this is an issue that we discussed with the Committee at length. The amendment is seeking to lower the tax rate from 65 per cent on wines to 45 per cent. The effect of that would be a reduction of Kshs25 million from the Budget, which we have already factored in for the financing of projects in this country. I would like to point out that the effect of that is that we will appear to be looking at one specific ... view
• 9 Nov 2006 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I would like, for the record of this House, to clarify one of the things that have come out. The tax measures on this tariff code is on all wines across the board; it is not only on a wine that is produced by a specific industry. If the problem is the difference between wine and beer, I would have expected the amendment to have a tax increase on beer and not on wine. The impact of this is reduction of revenue across the board for all wines. I would also like to clarify to ... view
• 9 Nov 2006 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I beg to move:- THAT, Clause 11 of the Bill be amended by deleting subclause (c) and substituting therefor the following new subclause:- (c) in paragraph 17:- (i) by inserting the following new sub-paragraph immediately after sub-paragraph (d):- (e) entertainment performed wholly by artistes who are resident in Kenya; (ii) by re-numbering the existing paragraph as sub-paragraph (1) and inserting a new sub-paragraph as follows:- (2) For the purposes of this paragraph, "resident" means a person who:- (a) has a permanent home in Kenya; or (b) has no permanent home in Kenya, but- (A) is ... view
• 9 Nov 2006 in National Assembly: 3562 PARLIAMENTARY DEBATES November 9, 2006 view
• 9 Nov 2006 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I beg to move:- THAT, the Bill be amended- (a) by deleting paragraph (b) and substituting therefor the following new paragraph- (b) In part B- (i) in the manner specified in paragraph (a) of Part I of the Fourth Schedule to this Act; (ii) in the manner specified in paragraph (b) of the Fourth Schedule to this Act; (c) by deleting paragraph (c) and substituting therefor the following new paragraph:- (c) in part C- (i) in the manner set out in paragraph (a) of the Fourth Schedule to this Act; (ii) in the manner set ... view
• 9 Nov 2006 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I beg to move:- THAT, Clause 16 be amended in subclause (a) by inserting the words "or such other amount as the Commissioner may prescribe" immediately after the words "per November 9, 2006 PARLIAMENTARY DEBATES 3563 day" appearing in the proposed subparagraph (iii). Mr. Temporary Deputy Chairman, Sir, when I was moving the Finance Bill, we allowed for expenditure for out of pocket or subsistence up to Kshs2,000 to be deemed as reimbursement for tax purposes. But as we did that, an issue came up as to what happens if somebody spends Kshs2,100. This amendment ... view
• 9 Nov 2006 in National Assembly: Mr. Temporary Deputy Chairman, Sir, I think it is important for the House to appreciate the cadre of people we are catering for with this amendment. When we said that professionals and any businessman who goes out there and has lunch, for purposes of claiming that amount for tax deductibility, they can only be allowed up to Kshs2,400. We are saying, supposing the cost of food goes up in the course of the year; are we going to say that you will only be allowed up to Kshs2,400? We are saying it will be Kshs2,400 or such other amount as ... view
• 9 Nov 2006 in National Assembly: Mr. Temporary Deputy Chairman, Sir, perhaps this issue is not very clear to hon. Members. We are not asking the Commissioner to prescribe rules for people to pay more. What we are saying is that if we spend, for example, Kshs2,400, we can claim that amount as a tax deductible. If we spend Kshs2,401, we may be told that does not qualify. However, in that situation, the Commissioner will have the discretion of saying: "Even this is allowed." In any case, we must remember that the Commissioner has discretion to waive penalties of up to Kshs500,000. So, Kshs2,400 compared to ... view