29 Aug 2018 in National Assembly:
Hon. Temporary Deputy Chairman, I beg to move: THAT, Clause 53 of the Bill be amended in the proposed new section 69B(1)—
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29 Aug 2018 in National Assembly:
(a) in paragraph (a) by deleting the expression “twenty” and substituting therefor the expression “five”; and,
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29 Aug 2018 in National Assembly:
(b) in paragraph (b) by deleting the expression “two” and substituting therefor the expression “one”.
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29 Aug 2018 in National Assembly:
The import of this is to bring the late payment of taxes in line with what we had moved in the other section from ‘twenty’, to ‘five’ and from ‘two’ to ‘one’ to be consistent with what we had moved.
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29 Aug 2018 in National Assembly:
Hon. Temporary Deputy Chairman, I beg to move:
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29 Aug 2018 in National Assembly:
THAT, the Bill be amended by deleting Clause 58 and substituting therefor the following new clause—
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29 Aug 2018 in National Assembly:
58. Section 33B of the Banking Act is amended by—
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29 Aug 2018 in National Assembly:
(a) deleting subsection (1) and substituting therefor the following new Subsection.
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29 Aug 2018 in National Assembly:
(1) A bank or a financial institution shall set the maximum interest rate chargeable for a credit facility in Kenya at no more than four per cent, the Central Bank Rate set and published by the Central Bank of Kenya.
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29 Aug 2018 in National Assembly:
Hon. Temporary Deputy Chairman, I beg to move:
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