27 Jun 2018 in National Assembly:
(ii) by inserting a new sub-clause immediately after the renumbered sub-clause. 2. this Act shall come into operation or be deemed to have come into operation as follows. On the basis that you have already ruled, I will jump (a) and I will go to; (b) provisions relating to Income Tax Act CAP 470 on 1st July 2018 (c) provision relating to Stamp Duty Act CAP 480 on 1st October, 2018 (d) provisions relating to VAT 2013 on 1st July 2018 (e) in the marginal note by inserting the expression and commencement immediately after the word “title”
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27 Jun 2018 in National Assembly:
Hon. Temporary Deputy Speaker. I second.
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20 Jun 2018 in National Assembly:
Thank you, Hon. Temporary Deputy Speaker, for this opportunity to support this Bill. This Bill is very important because it addresses the Big Four Agenda. That is the import of prosecuting this Bill outside the normal traditional way of doing it under the Finance Bill. The Finance Bill will take time. Therefore, the Members should see fit to support it. This Bill has very important amendments, which will make the Big Four Agenda be implemented in a very simple way. It is amending several tax Acts. During our deliberations, we had an opportunity of engaging the public through invitations to ...
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20 Jun 2018 in National Assembly:
afford housing, it will take a lot of time for them to do valuation. Therefore, it will pile up and slow down the process. According to the ISK, they were of the opinion that they have over 600 valuers in private practice who should be brought in to help the Government to achieve the cheap and affordable housing projects in a fast and efficient way. That was their view. Our Committee, of course, at a later stage, discussed and we will be moving some amendments to that effect. We also had the Kenya Association of Manufacturers (KAM), Agrochemical Association of ...
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20 Jun 2018 in National Assembly:
Practically speaking, most Kenyans will not afford to double their savings. Effectively, they were saying that it might not work well to help people acquire housing. They were of the opinion that for those Kenyans who will be lucky to prove that they are eligible for the affordable housing scheme, they have to apply and be on the queue for allocation of a house. It is also saving for this programme. They are proposing that we introduce a tax relief of 15 per cent, but to a maximum of Kshs108,000 per year. So, this relief will mean that if you ...
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20 Jun 2018 in National Assembly:
of Kshs200,000, you will be relieved by being told to only pay the difference between Kshs200,000 and Kshs108,000. This looks reasonable on top of the proposal to double the savings. At a later stage, we will consider this proposal. As I end on the stakeholders, I will not cover all of them. The KRA appeared before us. Remember KRA is also struggling to collect revenue. This country is one which is capable of funding its own the budget. If we prudently collect our revenue, this country will run away from issues of going for debts from outside. We can sustain ...
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20 Jun 2018 in National Assembly:
organised system which has always existed. You will find a casino at the Intercontinental Hotel, but we have never gone there. It is for particular people. So, we should leave our people to have an organised way of doing things even if they have to play the games. We must limit to organised ways of doing it. Therefore, this proposal to bring in winnings to taxation is very good, so that all of us participate in building our economy. On the Stamp Duty Act, the proposal here is very good. It is proposed that, for the first- time owners of ...
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20 Jun 2018 in National Assembly:
certain amount every month. It is just a fund like NSSF but for the purposes of housing. Such kind of initiatives will make this country work around the current challenges. I will not want to continue so that I can allow other Members to contribute to this particular Bill. This Bill is important and I encourage you to support it so that we can make implementation of the four pillars move quickly. As I end, I want to say, this country has made very good steps in health care but we must work with it. I was surprised yesterday when ...
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20 Jun 2018 in National Assembly:
Thank you, Hon. Temporary Deputy Speaker. Before I reply, I would like to donate to the Hon. Member for Keiyo South and for Kiambu one minute each in that order.
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20 Jun 2018 in National Assembly:
Thank you, Hon. Temporary Deputy Speaker. I take this opportunity to thank the House for pronouncing itself. You know this is the only time when Kenyans see how the National Assembly contributes by ensuring that the proposals by the President to implement the Big Four Agenda are enhanced by passing laws in this House. This is a very important House. The direction we have taken of amending and passing these laws at the right time will enhance the implementation of the Big Four for the betterment of our country.
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