Joseph Kirui Limo

All parliamentary appearances

Entries 201 to 210 of 2163.

• 22 Apr 2020 in National Assembly: The reason for the amendment is that it was to introduce tax on Post Bank Savings Account. We considered that this saving account is a very old account which does not even attract any other charges. Even Post Bank itself does not offer loans. So, taxing it would make it very difficult for Post Bank to operate. We, therefore, propose to delete it. view
• 22 Apr 2020 in National Assembly: Hon. Chairman, I beg to move: THAT, the Schedule be amended— (a) in the proposed amendments to the Income Tax Act (Cap. 470), by— (xiii) deleting the proposed amendment to paragraph 36 of the First Schedule and substituting therefor the following new amendment — Paragraph 36 Delete sub-paragraphs (a), (b) and (e). This was an introduction of tax on sale or transfer of family house or land. view
• 22 Apr 2020 in National Assembly: Hon. Chairman, our view is that when you sell a personal house, it is not business. Maybe you are selling so that you can buy a better one or you are selling and then get an alternative asset. Therefore, it is not business. So, we said it is not good to tax it. view
• 22 Apr 2020 in National Assembly: Hon. Chairman, I beg to move: THAT, the Schedule be amended— (a) in the proposed amendments to the Income Tax Act (Cap. 470) by— (xiv) deleting the proposed amendment to paragraph 44 of the First Schedule; (xv) deleting the proposed amendment to paragraph 45 of the First Schedule; Hon. Chairman, Paragraph 44 is on registered home ownership savings plan, which would help individuals to save for the purpose of investing in the housing sector. view
• 22 Apr 2020 in National Assembly: Paragraph 45 is on National Social Security Fund (NSSF). These two were being brought into the taxation bracket. If you bring NSSF into taxation, the savings by members will be negatively impacted. Therefore, we propose to delete them. view
• 22 Apr 2020 in National Assembly: Hon. Chairman, I beg to move: THAT, the Schedule be amended— (a) in the proposed amendments to the Income Tax Act (Cap. 470) by— (xvi) deleting the proposed amendment to paragraph 50 of the First Schedule; (xvii) deleting the proposed amendment to paragraph 51 of the First Schedule; (xviii) deleting the proposed amendment to paragraph 53 of the First Schedule view
• 22 Apr 2020 in National Assembly: Hon. Chairman, Paragraph 50 is on retirement savings plans. If we tax them, it is going to negatively impact on retirees’ savings and discourage the culture of saving. view
• 22 Apr 2020 in National Assembly: Paragraph 51 is on listed bonds and securities. If we tax this, it will make Kenya unattractive to investors. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor. view
• 22 Apr 2020 in National Assembly: Paragraph 53 is on income from employment paid in form of bonuses, overtime and retirement. This one also will reduce payout to retirees if it is brought on board the taxation bracket. view
• 22 Apr 2020 in National Assembly: Hon. Chairman, let me give information. These bonds are for the good of the Government. view