Benjamin Kipkirui Langat

All parliamentary appearances

Entries 381 to 390 of 2560.

• 30 Aug 2016 in National Assembly: Hon. Temporary Deputy Chairlady, when you are wrongly refunded by the KRA and you do not pay immediately, they start levying interest on the excess payment you received. However, if you have overpaid and you require a refund, they do not pay you interest. The Committee proposes that it should be two-way. If I delay then I will pay interest to the KRA and if the KRA determines that I have overpaid taxes and I need a refund, it should repay me immediately. If the KRA delays for more than two years, then the amount shall start attracting interest at ... view
• 30 Aug 2016 in National Assembly: Hon. Temporary Deputy Chairlady, I beg to move:- THAT, Clause 45 of the Bill be amended – (a) in paragraph (a) by inserting the words “institutions registered under the Co-operative Societies Act, Cap. 490” immediately after the words “SACCO Societies Act, 2008”; (b) in paragraph (c)(i) by inserting the words “institutions registered under the Co-operative Societies Act, Cap. 490” immediately after the words “SACCO Societies Act, 2008”; and (c) in paragraph (c) (ii) by inserting the following new sub-subparagraph immediately after subparagraph (da) – “(daa) institutions registered under the Co-operative Societies Act, Cap. 490”. We are seeking to include SACCOs ... view
• 30 Aug 2016 in National Assembly: Hon. Temporary Deputy Chairlady, I wish to drop that amendment. Clause 46 sought to amend Section 34 of the Banking Act in subsection (2) by inserting the words “in 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. view
• 30 Aug 2016 in National Assembly: consultation with the Cabinet Secretary” immediately after the words “Central Bank”. Clause 46 sought to ensure that before the Central Bank of Kenya (CBK) Governor makes any major decision, for example, when there is a bank failure, he has to consult the Cabinet Secretary (CS) for the National Treasury. The Committee proposed to delete that provision. It is important to share information on very critical matters of the economy so that you do not wake up one morning and hear that this bank has been closed. It is good because at the end of the day, the CS is the ... view
• 30 Aug 2016 in National Assembly: Hon. Temporary Deputy Chairlady, I beg to move:- THAT, Clause 48 of the Bill be deleted. This clause seeks to increase the capital base for banks progressively from Kshs2 billion in 2017, Kshs3.5 billion in 2018 and Kshs5 billion in 2019. After consultations, the Members of my Committee said that we need to encourage more people to set up banks and more Kenyans to invest in banks. We should not make it an exclusive club for a few people who have billions of shillings. If Hon. Jakoyo has Kshs200 million, he can set up a small bank in Kisumu which ... view
• 30 Aug 2016 in National Assembly: Hon. Temporary Deputy Chairlady, after further consultations, I want to drop that amendment. Clause 51 of the Bill was forcing the Kenya Deposit Insurance Corporation (KDIC) to consult with the CS for National Treasury incase a bank is failing. I think we should encourage consultations between the actors, regulators and policy makers so that before a major decision is made, it is known by all the stakeholders and policy makers. I am, 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. view
• 30 Aug 2016 in National Assembly: therefore, dropping that amendment so that we can support consultations in the sector. view
• 30 Aug 2016 in National Assembly: Hon. Temporary Deputy Chairlady, I beg to move:- view
• 30 Aug 2016 in National Assembly: THAT, the Bill be amended by inserting the following new clause immediately after Clause 3− Amendment of 3A. Section 10 of the Income Tax Act is amended by deleting section 10 of Cap paragraph (g). 470. Hon. Temporary Deputy Chairlady, last year, this House passed an amendment to remove Withholding Tax on winnings by players from the income tax for non-residents, but left the locals to continue being charged Withholding Tax. After consultations with the National Treasury and the KRA, it came out that it is not possible to withhold those winnings because you need the pin numbers of the ... view
• 30 Aug 2016 in National Assembly: Hon. Temporary Deputy Chairlady, somewhere in the Bill, we will propose additional taxes to gaming and betting. For those that are administratively difficult, we are introducing additional taxes. view