Benjamin Kipkirui Langat

All parliamentary appearances

Entries 461 to 470 of 2560.

• 18 Aug 2016 in National Assembly: Hon. Deputy Speaker, following the sustained growth of our economy--- view
• 18 Aug 2016 in National Assembly: Hon. Deputy Speaker, the Member for Samburu West should appreciate the importance of the Finance Bill, especially after I have talked about animal and livestock feeds. He should be keenly following what I am saying. view
• 18 Aug 2016 in National Assembly: Hon. Deputy Speaker, following the sustained growth of our economy, there is need to share the economic gains and cushion all Kenyans from high cost of living as well achieve an inclusive growth. In this regard, the Bill proposes to exempt from tax, bonuses, overtime and retirement benefits paid to all workers who fall under the lowest income tax band. So, we are 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
• 18 Aug 2016 in National Assembly: simply saying that there are workers who are under the low income bracket. Normally, they work overtime to enhance their earnings and they are paid bonuses for good performance. Retirement benefits for low income categories do attract tax, but we are now proposing exemption so that they can enjoy higher disposable income, especially when the cost of living is rising. I believe this will be music to the ears of low income earners. view
• 18 Aug 2016 in National Assembly: The Bill further proposes to expand the tax brackets and increase tax relief in order to cushion Kenyans from erosion of their income through inflation. This provision will slightly increase the tax relief on personal income. view
• 18 Aug 2016 in National Assembly: Hon. Deputy Speaker, as I switch to the banking sector, the current monetary penalty for violation of the Banking Act is capped at Kshs5 million. If you breach the Banking Act, which is a very serious thing for it can cause the collapse of a bank, ou will be liable for Kshs5 million. Given the seriousness of the violation which some of the institutions have continued to commit, it is apparent that the existing penalty is not deterrent enough. In this regard, the Bill proposes to increase the maximum penalty to Kshs20 million and further allow additional penalty each day ... view
• 18 Aug 2016 in National Assembly: With the increasing use of mobile and internet services in Kenya, online trading of foreign currency has attracted a lot of interest among Kenyan investors, particularly among the youth. This House may note that, currently, there is no regulatory framework to guide online FOREX trade. This Bill, therefore, proposes to amend the Capital Markets Authority (CMA) Act so that the CMA may make regulations to ensure effective and secure online FOREX trading by Kenyans. This is a very good proposal because we need to protect our financial sector. We need to protect traders and investors. view
• 18 Aug 2016 in National Assembly: Last year, the Government removed the requirement for annual licensing of banks. view
• 18 Aug 2016 in National Assembly: Hon. Deputy Speaker, I have not committed any offense, so I do not see how--- view
• 18 Aug 2016 in National Assembly: Hon. Deputy Speaker, if any Member has a question, he should take notes. I will be responding to questions at the end of the debate. I will, therefore, encourage Hon. Wamalwa to--- view