Benjamin Kipkirui Langat

All parliamentary appearances

Entries 71 to 80 of 2560.

• 25 May 2017 in National Assembly: Hon. Temporary Deputy Chairman, I beg to move: THAT, Clause 14 of the Bill be deleted and substituted therefor with the following new clause – ―14 view
• 25 May 2017 in National Assembly: Thank you very much, Hon. Temporary Deputy Chairman. I want to support Hon. Nelson Gaichuhie on this amendment because if you look at the text, it actually clarifies how to compute capital adequacy of any insurance company. Therefore, it actually seeks to exclude those assets that may not give any value as capital of the company. Like goodwill, for example, you cannot determine its value. You may also not determine deferred tax income when it materialises. So, I support so that we further strengthen our insurance sector by having those assets that are valuable in their records. view
• 25 May 2017 in National Assembly: Thank you very much, Hon. Temporary Deputy Chairman. I want to support Hon. Nelson Gaichuhie on this amendment because if you look at the text, it actually clarifies how to compute capital adequacy of any insurance company. Therefore, it actually seeks to exclude those assets that may not give any value as capital of the company. Like goodwill, for example, you cannot determine its value. You may also not determine deferred tax income when it materialises. So, I support so that we further strengthen our insurance sector by having those assets that are valuable in their records. view
• 25 May 2017 in National Assembly: Thank you. view
• 25 May 2017 in National Assembly: Thank you. view
• 25 May 2017 in National Assembly: Hon. Temporary Deputy Chairman, I beg to move: THAT, Clause 4 of the Bill be amended in paragraph (a) by inserting the following new sub-paragraph immediately after subparagraph (ii) – “(iii) by deleting the words “at the beginning of every financial year” in paragraph 2(1) and substituting therefor the words “every two years”. This relates to inflation adjustment to the rates of excise duty. In the main Act, we had proposed that there shall be annual adjustment for inflation on the excise rates which have been proposed. After consultation between the private sector and the Committee, it was agreed that ... view
• 25 May 2017 in National Assembly: Hon. Temporary Deputy Chairman, I beg to move: THAT, Clause 4 of the Bill be amended in paragraph (a) by inserting the following new sub-paragraph immediately after subparagraph (ii) – ―(iii) by deleting the words ―at the beginning of every financial year‖ in paragraph 2(1) and substituting therefor the words ―every two years‖. This relates to inflation adjustment to the rates of excise duty. In the main Act, we had proposed that there shall be annual adjustment for inflation on the excise rates which have been proposed. After consultation between the private sector and the Committee, it was agreed that ... view
• 25 May 2017 in National Assembly: Hon. Temporary Deputy Chairman, I beg to move: THAT, Clause 8 of the Bill be deleted. 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
• 25 May 2017 in National Assembly: Hon. Temporary Deputy Chairman, I beg to move: THAT, Clause 8 of the Bill be deleted. 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
• 25 May 2017 in National Assembly: The reason we are deleting is that it was a superfluous provision. Therefore, the Committee felt that it is some form of clean-up. If you read Clause 8, it says, ―Section 43 of the Value Added Tax Act, 2013 is amended by numbering sub-section 6 as 5.‖ When we checked the actual Bill, it was okay. view