27 Jun 2018 in National Assembly:
The amendment to Part I of the First Schedule seeks to delete new paragraph 56, which seeks to exempt licensing of special economic zones developers and operators from capital gains.
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27 Jun 2018 in National Assembly:
The proposed amendment will give undue advantage to developers and operators who might not entirely be within the zone. So, by exempting them, it will give them an undue advantage. Therefore, we propose to delete.
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27 Jun 2018 in National Assembly:
Thank you, Hon. Temporary Deputy Chairman. This is now the right thing. Hon. Temporary Deputy Chairman, I beg to move: THAT the Schedule to the Bill be amended– (d) in the provisions relating to the Part I of the First Schedule by inserting the following new paragraph 56– “56. Compensating tax accruing to a power producer under a power purchase agreement”; The justification is the one that was given earlier, which will make our power producing entities more vibrant to produce more power. It will even make it cheaper. Thank you.
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27 Jun 2018 in National Assembly:
Hon. Temporary Deputy Chairman, I beg to move: THAT the Schedule of the Bill be amended by –
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27 Jun 2018 in National Assembly:
(e) inserting the following new amendment immediately before the
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27 Jun 2018 in National Assembly:
proposed amendment to Paragraph 3 of Head B in the Third Schedule—
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27 Jun 2018 in National Assembly:
NEW HEAD A Insert the following new paragraph immediately after paragraph
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27 Jun 2018 in National Assembly:
2— Affordable housing relief. 3. The amount of affordable housing relief shall be 15% of the gross emoluments but shall not exceed Kshs108,000 per annum. The justification for this is that we moved to double the savings amounts for purpose of acquiring affordable housing from Kshs48,000 annually to Kshs96,000. However, the view of the stakeholders including the KPMG and even our Committee was that given that the objective is to provide cheap housing for the lower cadre, they might not have savings given a chance to double it. So, the best way of helping this particular cadre of Kenyans is ...
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27 Jun 2018 in National Assembly:
so that they can afford. To qualify for this, you must have already been chosen to become a beneficiary so that it does not benefit everybody. Thank you.
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27 Jun 2018 in National Assembly:
I propose that we do one by one because they are not related.
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