All parliamentary appearances
Entries 371 to 380 of 1001.
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19 Jun 2018 in National Assembly:
Thank you, Hon. Temporary Deputy Speaker. I rise today to ask some very serious questions. We must be very clear about what contraband is. It is simply smuggling sugar into this country which is not supposed to be here. There is no difference between industrialised sugar and domestic sugar. None of them should have mercury in them because industrial sugar is used in the pharmaceutical industry. The question we should be asking ourselves is: What is the effect of mercury in sugar? It hinders the body to produce red blood cells and it causes infertility. There is a serious link ...
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14 Jun 2018 in National Assembly:
Thank you, Hon. Speaker. I beg to move that the Tax Law (Amendment) Bill, 2018 be now read a Second time. By way of introduction the Tax Laws (Amendment) Bill, 2018 seeks to amend three tax related statutes to enhance efficiency, national revenue mobilisation, cushions the public by supporting livelihoods and social economic welfare.
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14 Jun 2018 in National Assembly:
The Tax laws to be amended by this Bill are as follows: The Income Tax Act (Cap 470), The Stamp Duty Act Cap (480) and the Value Added Tax (VAT) Act, 2013 (No.35 of 2013). In summary the Bill seeks to amend the Income Tax Act to introduce a tax on winnings and to enhance the tax incentive to home ownership. The Bill seeks to amend the Stamp Duty Act to provide an incentive to first time home owners and amend the VAT Act 2013 to move some categories of items listed in the Schedule of the Bill from zero-rated ...
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14 Jun 2018 in National Assembly:
The move to reintroduce this withholding tax is aimed at shifting some of the burden from the betting and gaming companies to the punters. The proposed amendment to Section 22C(2) of the Income Tax Act further seeks to increase allowance for depositors of home ownership savings plans from Kshs.48,000 to Kshs.96,000 per annum. The amendment is meant The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor.
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14 Jun 2018 in National Assembly:
to facilitate potential first time home owners to save for purposes of purchasing or constructing homes.
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14 Jun 2018 in National Assembly:
The proposed amendments to the First Schedule of the Income Tax Act seeks to exempt from capital gains tax and compensating tax licensed Special Economic Zone developers or operators. This proposal seeks to ensure that the impact of the granted tax incentives is not lost at the point of dividend distribution or safe of a stake to other potential investors. The Bill further seeks to amend Section 117(1) of the Stamp Duty Act Cap in order to exempt first time home owners under affordable housing schemes from payment of stamp-duty. As part of the Big Four Agenda the amendment is ...
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14 Jun 2018 in National Assembly:
Finally, the Bill seeks to amend the VAT Act 2013 to move a number of items currently listed as zero-rated for VAT purposes to the exemptions schedule. This is a move largely geared towards restricting zero-rating of taxable supplies to exports. By default, it is expected that the number of VAT refund claims associated with zero-rating will significantly drop. Some of the proposed amendments such as exception of taxable supplies imported or purchased for exclusive use in the construction of minimum of five thousand housing units by a licensed special economic zone entity which is also aimed at supporting the ...
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14 Jun 2018 in National Assembly:
As I conclude, I wish to assure Hon. Members that the proposals in this Bill comply with the provisions of the Constitution and Standing Orders. The amendments proposed will not only spur economic growth, but also immensely improve the collection of revenue by the country. Further, the proposal will help in realisation of the key pillars of the Big Four Agenda such as access to affordable housing through reduction of transaction costs among other incentives.
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14 Jun 2018 in National Assembly:
Thank you, Hon. Speaker, I beg to move. I now ask the Deputy Leader of the Majority Party, Hon. Jimmy Angwenyi to second the Bill.
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13 Jun 2018 in National Assembly:
Hon. Temporary Deputy Chairlady, I do not know whether Members have that Supplementary Order Paper. Many of us do not have it. The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor.
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