Gladys Wanga

All parliamentary appearances

Entries 401 to 410 of 1718.

• 24 Jun 2021 in National Assembly: (B) micro and small enterprises registered under the Micro and Small Enterprises Act, 2012; view
• 24 Jun 2021 in National Assembly: This clause applies to the Thin Capitalisation Rule. What we are trying to do as a Committee is to exempt institutions where interest is both their profit and business. Those are banks and financial institutions licensed under the Banking Act and also the Micro, Small and Medium Enterprises (MSMEs). It is so that MSMEs do not fall in the trap of the new Thin Capitalisation Rule. view
• 24 Jun 2021 in National Assembly: Hon. Temporary Deputy Chairman, I would like to drop (C) because it does not relate to financial institutions. So, I would like to drop part (C). view
• 24 Jun 2021 in National Assembly: Hon. Temporary Deputy Chairman, I beg to move: THAT, the Bill be amended by deleting clause 10 and substituting therefor the following new clause − Amendment of section 39B of Cap.470 10. Section 39B of the Income Tax Act is amended by deleting subsection (1) and substituting therefor the following new subsection− (1) An employer who engages at least five university or technical and vocational education and training graduates as apprentices for a period of six to twelve months during any year of income shall be eligible for tax rebate in the year subsequent to the year of such engagement. ... view
• 24 Jun 2021 in National Assembly: The rationale of the Committee was that if you are at five then even MSMEs can benefit from the tax rebates. But based on the debate, we felt that if we encourage people to take 10, more of our TVET graduates will be actually absorbed. So, on that basis, I beg to drop that amendment. view
• 24 Jun 2021 in National Assembly: Hon. Temporary Deputy Chairman, I beg to move: view
• 24 Jun 2021 in National Assembly: THAT, the Bill be amended by deleting the proposed Clause 11 and substituting therefor the following new clause − Amendment of section 41 of Cap.470. view
• 24 Jun 2021 in National Assembly: 11. The Income Tax Act is amended by deleting section 41 and substituting therefor the following new section− view
• 24 Jun 2021 in National Assembly: Special arrangement for relief from double taxation. 41. (1) Every special arrangement for relief from double taxation made with the Government of any country outside of the Republic of Kenya with a view of affording relief from double taxation in relation to income tax and any taxes of similar character imposed by the laws of that country shall, subject to sub-section (2) but notwithstanding any other provision to the contrary in this Act or in any other written law, have effect in relation to income tax, and every such agreement shall be subject to the provisions of the Treaty Making ... view
• 24 Jun 2021 in National Assembly: who, for the purposes of the arrangement, is a resident of the other contracting state if fifty per cent or more of the underlying ownership of that person is held by a person or persons who are not residents of that other contracting state for the purposes of the agreement. (3) Subsection (2) shall not apply if the resident of the other contracting state is a company listed in a stock exchange in that other contracting state. (4) In this section, the terms "person" and "underlying ownership" have the respective meanings assigned to them in the Ninth Schedule. This amendment ... view