27 Jun 2018 in National Assembly:
Yes, they are related. I will move the two together. In the proposed Bill, we were talking about punters. For the first time, we are proposing tax winnings. Hon. Temporary Deputy Chairman, I beg to move: THAT, the Schedule of the Bill be amended by – (f) deleting the word “twenty” appearing in the proposed new subparagraph (i) in the proposed amendments to Paragraph 3 of Head B in the Third Schedule and substituting therefor the word “ten”; and (g) deleting the word “twenty” appearing in the proposed new subparagraph (i) in the proposed amendments to Paragraph 5 of Head ...
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27 Jun 2018 in National Assembly:
Let me just give information. As the Leader of the Majority Party has put it very rightly, this is a proposal from the National Treasury. As a Committee, we invited the stakeholders. During deliberations, we realised that we can be talking about collecting more. Honourable KK here has put it very correctly that if you are taxing these winnings for the first time, there are two objectives.
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27 Jun 2018 in National Assembly:
First, to collect tax and discourage the players. If the rate is punitive, the players have an option of playing on international platform and, therefore, lose on revenue. As the Leader of the Majority Party has put it, we can maintain it at 20 per cent, but at the same time, I will give you information as there are open options. 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:
Hon. Temporary Deputy Chairman, I beg to move: THAT, the Schedule to the Bill be amended – (2) in the proposed amendments to the Stamp Duty Act by inserting the following new paragraph immediately before the proposed amendment to Section 117— s.10A.(1) Delete and substitute with the following new subsection—
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27 Jun 2018 in National Assembly:
10A. (1) The Collector of Stamp Duties shall refer to the Chief Government Valuer or a registered and practicing valuer any conveyance or transfer on sale of any immovable property before or after registration of the relevant instruments in order to determine the true open market value of such property as at the date of the conveyance or transfer for purposes of ascertaining whether any additional stamp duty is payable.
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27 Jun 2018 in National Assembly:
The import of this amendment is that currently, there are only 44 Government valuers in the whole country. Given that the Government is moving to affordable housing, it will be a tall order for the Government valuers to work alone. Therefore, the proposed amendment will bring in the registered and practising valuers to help achieve this.
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27 Jun 2018 in National Assembly:
In the current Act, it is only the Government valuer who is doing valuation. So, we are just adding.
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27 Jun 2018 in National Assembly:
Thank you, Hon. Temporary Deputy Chairman for making the Leader of the Majority Party to listen. The only addition we are making to the current…
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27 Jun 2018 in National Assembly:
We are deleting the section which says ‘the Government valuer will do the valuation’ and adding a new section after the words “Government Valuer or a registered valuer.” We should have said ‘deleting and inserting a registered and practising valuer’. 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:
The import of this is to bring in valuers who are registered under their association just like the engineers of Kenya. These are registered valuers and they are 600 in the country while Government valuers are only 44.
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