25 Sep 2013 in National Assembly:
On a point of order, hon. Chairlady.
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25 Sep 2013 in National Assembly:
Hon. Chairlady, I think the amendment which has been accepted by the Budget and Appropriations Committee actually retained the 30 per cent. We are now removing it. What we are putting is that a refund, if the dispute is decided in favour of the taxpayer, should be effected within 90 days. But we retain the 30 per cent.
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25 Sep 2013 in National Assembly:
Hon. Chairlady, I beg to move:- THAT, Clause 15 be amended as follows:- (a) the taxpayer shall pay 30 per cent of the disputed tax pending determination of the dispute. (b) that such dispute must be determined within 90 days of the complaint being lodged. (c) that should the dispute be determined in favour of the taxpayer, then the 30 per cent tax paid, as aforesaid, shall be refunded within 90 days.
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25 Sep 2013 in National Assembly:
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25 Sep 2013 in National Assembly:
Hon. Chairlady, the reasoning behind this amendment is that to get a tax refund from the tax authorities is a nightmare. It will not be good to keep on giving taxes; at the moment, it is true that very many people have lodged tax refunds but they are not getting them. Why do we not limit the period within which the KRA should refund the tax paid?
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25 Sep 2013 in National Assembly:
Hon. Chairlady, it says that the taxpayer shall pay 30 per cent of the disputed tax pending a determination of the dispute. I think hon. Kajwang is talking about the second part which says that such a dispute must be determined within 90 days of a complaint being lodged. The third part states that should the dispute be determined in favour of the taxpayer, then the 30 per cent of the tax paid as aforesaid shall be refunded within 90 days.
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25 Sep 2013 in National Assembly:
Hon. Chairlady, part “b” says that the dispute must be determined within 90 days of the complaint being lodged.
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25 Sep 2013 in National Assembly:
I will read it out, hon. Chairlady. It says: “Such a dispute must be determined within six months of the complaint being lodged”
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18 Sep 2013 in National Assembly:
Thank you, hon. Speaker. It is true that the business of banking is based on trust and confidence and one of the reasons why banks fail is because of lack of confidence or trust. It is also true that the financial system, as it is conceived 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.
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