Gladys Wanga

All parliamentary appearances

Entries 451 to 460 of 1718.

• 24 Jun 2021 in National Assembly: This relates to Income Tax for family trusts. This is a new area. Not many of us, even if we have wealth, create trusts. This is a move to encourage creation of family trusts such that if I get my salary, it is taxed. If I put it in the trust and tomorrow I want to pay it out to my next of kin, then there is a proposal here to exempt it from tax, especially for purposes of education, medical treatment, early adulthood housing and so on. We are talking about amounts below Ksh10 billion and as may be ... view
• 24 Jun 2021 in National Assembly: 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
• 24 Jun 2021 in National Assembly: I beg to move: THAT, Bill be amended by inserting the following new clause immediately after Clause 4 – view
• 24 Jun 2021 in National Assembly: Amendment of 4B. Section 12D of the Income Tax Act is amended in subsection (1) by section 12D of inserting the following new paragraphs immediately after paragraph (e)— Cap.470. (f) that person is not engaged in manufacturing and whose cumulative investment in the preceding four years is at least ten billion shillings; or (g) that person is not licensed under the Special Economic Zones Act, 2015. This relates to people who are engaged in businesses where the prices are controlled by Government. These are insurance businesses and those in the manufacturing industry. A person’s cumulative investment in the preceding four ... view
• 24 Jun 2021 in National Assembly: Thank you, Hon. Temporary Deputy Chairman. I would like to agree with the Members who have contributed on this matter. When we get a further opportunity to discuss this issue of minimum tax, we will relook into it again. This is because it was Hon. Limo’s baby and we moved it forward. I am just using Hon. Limo to represent the Government and the Committee at the time. 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
• 24 Jun 2021 in National Assembly: I did this in a very good way because Hon. Limo is my great friend and predecessor. He is a great man and did a great job in this Committee. In fact, I have a code name for him, it is JQT but I will not tell you the meaning. I would like to clarify that the amendments under A and B were already passed in the last Finance Act and this is just cleaning up. C and D are new. view
• 24 Jun 2021 in National Assembly: I would like to move a further amendment: view
• 24 Jun 2021 in National Assembly: THAT, New Clause 4B be further amended by inserting the following new paragraph- view
• 24 Jun 2021 in National Assembly: (e) a person who is engaged in distribution business whose income is wholly based on a Commission. view
• 24 Jun 2021 in National Assembly: Hon. Temporary Deputy Chairman, I beg to move. view