All parliamentary appearances
Entries 2511 to 2520 of 7480.
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27 Jun 2018 in National Assembly:
(Suba South, ODM)
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27 Jun 2018 in National Assembly:
( Off record )
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27 Jun 2018 in National Assembly:
Hon. Temporary Deputy Chairman, first, my teacher is complaining bitterly, but I was just wondering because accountants are regulated in this country by the Institute of Certified Public Accountants of Kenya ( ICPAK ) and I have never 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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27 Jun 2018 in National Assembly:
seen his name in the list of ICPAK members. He has told me he is a chartered accountant. Maybe he forgot to register. Anyway, let me move on. You will forgive me for lack of understanding. This amendment is talking about the collector of stamp duties that shall refer to Chief Government Valuer or a registered and practising valuer. My problem with the registered and practising private valuers is that many times we know what they do in this country as professionals. For purposes of collecting stamp duties, chances are that Government can lose a lot of money if we ...
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27 Jun 2018 in National Assembly:
Thank you, Hon. Temporary Deputy Chairman. I can hear my teacher shouting put the Question. I think once we dispose of with this, the others will be very easy because they are almost the same. 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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27 Jun 2018 in National Assembly:
As the Chair has said, there is a distinction between zero-rating and tax-exempt and many times it confuses many people. For example, if you are talking about exempting housing, it means you are unable to claim input tax, but you will not charge output tax. In zero-rating, you are able to claim, for example, on the items you have used like nails, iron sheets and paint. The person who has constructed a building is able to claim back the tax paid on those items.
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27 Jun 2018 in National Assembly:
Therefore, when items are tax-exempted, they become more expensive as opposed to zero-rating. Therefore, because these are essential commodities, I think this House should just revert to where they were and tell the National Treasury that we do not agree with their decision to exempt these items.
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27 Jun 2018 in National Assembly:
I support the amendments. Thank you, Hon. Temporary Deputy Chairman.
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27 Jun 2018 in National Assembly:
Thank you, Hon. Temporary Deputy Chairman. I am familiar with the VAT Act because I brought a raft of amendments in 2014 after the Government had put to Vatable almost all basic commodities. I remember these are the same items we took back to zero-rating. The Government was trying to take them from zero-rating to tax-exempt. If we amend by deleting, it means we are not taking them to tax-exempt, but reverting back to zero-rating. That is the position.
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27 Jun 2018 in National Assembly:
I just wanted to add that it was going to make imported medicine cheaper than medicine manufactured locally. On a light note, I want to say that maybe they were advised by Hon. Kimunya. You know Hon. Kimunya is a capitalist in this House. He wants to tax Kenyans. I hope he did not go to the National Treasury to advise them.
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