22 Apr 2020 in National Assembly:
THAT, the Schedule be amended— (f) in the proposed amendments to the Kenya Revenue Act, 1995, by⸺ (i) deleting the proposed amendment to Section 5A (2) and substituting therefor the following new amendment⸺ s. 5A (2) Delete the words “two million” appearing in paragraph (b) and substitute therefor the words “five million”;
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22 Apr 2020 in National Assembly:
This amendment proposes to enhance the reward to people who give information to the Kenya Revenue Authority. That reward has been there for a very long time until it has been overtaken by events. To enhance it, we are proposing this amendment.
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22 Apr 2020 in National Assembly:
I just want to ask the Members to listen. This incentive is maximum. However, the way the law is, one is given a percentage of what is reported and collected. It is one per cent, to a certain maximum. It is actually 5 per cent, to a maximum of Kshs2 million. That is so that even if you report a tax in which the KRA collects Kshs300 million, you are still going to be given, upon recovery of the evaded tax. You know, there is no money being used from the Government. When the KRA finally collects, it gives 5 ...
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22 Apr 2020 in National Assembly:
Hon. Temporary Chairman, what is in my mind and what is in the amendment and what the Members have understood is different. It is something good. However, I want to withdraw for further consultations.
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22 Apr 2020 in National Assembly:
Hon. Temporary Chairman, is it Section 16 or Section15?
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22 Apr 2020 in National Assembly:
Hon. Temporary Chairman, I will start with Section 15A.
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22 Apr 2020 in National Assembly:
I beg to move: THAT, the Schedule be amended— (f) in the proposed amendments to the Kenya Revenue Act, 1995, by – (ii) inserting the following new amendments in their proper numerical sequence- New
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22 Apr 2020 in National Assembly:
Insert the following new section immediately after section 15 - 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.
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22 Apr 2020 in National Assembly:
Appointment of Agents. 15A. (1) The Commissioner may appoint a person registered under the Banking Act to act as an agent for revenue banking services through an agreement. (2) Any person appointed under this section shall be required to transfer the funds to the designated Central Bank accounts within two days following the date of collection. (3) A person who fails to transfer the funds in accordance with the provisions of sub-section (2) shall be liable to a penalty equivalent to two per cent of the revenue collections not transferred and shall be compounded for every other day on the ...
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22 Apr 2020 in National Assembly:
Hon. Temporary Deputy Chairman, I beg to move that the new Section 15A be now read a Second Time. The purpose of this provision is to empower KRA to appoint agents. The proposal was actually in the Tax Procedures Bill. You remember I had proposed to delete it from the Tax Procedures Act and take it to the KRA Act because it is going to cover all the taxes. The first proposal in the Bill was to put it in the Tax Procedures Act, which was going to exclude collection of customs. So, we proposed that we bring it here ...
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