30 May 2017 in National Assembly:
The same reasons that I gave apply. I also want to tell this House that we are not saying that once we delete this they will not be taxed. They will still have taxes to pay namely, the 30 per cent Corporation Tax and even the gross percentage tax that they normally pay. I have heard sentiments from my colleagues. It is good to make it clear that we have consulted with all the stakeholders namely the Betting Control and Licensing Board, the National Treasury - who proposed this amendment - the sportspeople and other stakeholders. We have come to ...
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30 May 2017 in National Assembly:
Hon. Chairlady, I beg to move: THAT, the following new clause be inserted after Clause 20 – That Clause 20 of the Bill be further amended by inserting the following closing statement immediately after paragraph (c) – “shall apply to the commissioner to be registered”
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30 May 2017 in National Assembly:
Hon. Chairlady, I beg to move: THAT, the following new clause be inserted after Clause 20 – That Clause 20 of the Bill be further amended by inserting the following closing statement immediately after paragraph (c) – “shall apply to the commissioner to be registered”
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30 May 2017 in National Assembly:
Thank you, Hon. Speaker. I beg to second.
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30 May 2017 in National Assembly:
Thank you, Hon. Speaker. I beg to second.
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25 May 2017 in National Assembly:
Hon. Temporary Deputy Chairman, I beg to move: THAT, the Bill be amended by inserting the following clauses immediately after Clause 9- 9A. Section 41 of the principal Act is amended by inserting the following new subsection (3)- (3) The following assets shall neither be included in the capital available computation nor be used for the purposes of determining the insurer’s capital adequacy under this section- (a) goodwill and other intangible assets that exceed five per cent of total assets; (b) deferred tax income or expenses and deferred tax assets; (c) assets pledged to support credit facilities obtained by an ...
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25 May 2017 in National Assembly:
Hon. Temporary Deputy Chairman, I beg to move: THAT, the Bill be amended by inserting the following clauses immediately after Clause 9- 9A. Section 41 of the principal Act is amended by inserting the following new subsection (3)- (3) The following assets shall neither be included in the capital available computation nor be used for the purposes of determining the insurer‘s capital adequacy under this section- (a) goodwill and other intangible assets that exceed five per cent of total assets; (b) deferred tax income or expenses and deferred tax assets; (c) assets pledged to support credit facilities obtained by an ...
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25 May 2017 in National Assembly:
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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25 May 2017 in National Assembly:
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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25 May 2017 in National Assembly:
Hon. Temporary Deputy Chairman, I beg to move:
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