Nelson Ributhi Gaichuhie

All parliamentary appearances

Entries 761 to 770 of 1130.

• 27 Aug 2014 in National Assembly: Thank you, hon. Temporary Deputy Chairman. I beg to move:- THAT the following New Clause be inserted immediately before clause 25 under Part III— Amendment 24A. Section 6 of the Kenya Revenue of section 6 Authority Act is amended by deleting of Cap. subsection (5). 469. view
• 27 Aug 2014 in National Assembly: seconded. view
• 27 Aug 2014 in National Assembly: Hon. Deputy Speaker, I beg to second my Chairman on this very touchy Bill. view
• 7 Aug 2014 in National Assembly: Hon. Speaker, I wish to move that the Finance Bill, National Assembly Bill No.26 of 2014, be read a Second Time. view
• 7 Aug 2014 in National Assembly: The purpose of this Bill is to amend laws that affect taxes after the reading of the 2014/2015 Budget. So, this Bill proposes a form of capital gain tax on natural resource income as well as net gains derived from disposal of interest in natural resources. The Bill also proposes to make all corporate and business (employers) expenditures on 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
• 7 Aug 2014 in National Assembly: employee’s vacation trip within the county to be tax deductable allowances. This is in line with the Government policy that is trying to encourage local tourism. view
• 7 Aug 2014 in National Assembly: Clause 6 of the Bill subjects natural resource income to Income Tax. It also clarifies that a non-resident person includes both his resident office and all the branch offices within the Republic of Kenya. The Bill also addresses the matter of transfer pricing manipulation. In Clause 12, by proposing an amendment in Section 41 of the Income Tax on special arrangements for tax relief by restricting tax relief on income by multinational companies considering ownership of such companies. The Bill further repeals the Ninth Schedule of the Income Tax on taxation of petroleum companies and replaces the current schedule with ... view
• 7 Aug 2014 in National Assembly: Hon. Speaker, Clause 34 provides the transfer of Tier II Pension Credit from Pension Fund as well as the Provident Fund to contract out scheme. The key observation here is that, when we were looking at the Bill we could see that, although this Bill is trying to introduce the capital gain on minerals and mining and extractive industries, we remember very well that in the year, 1985, the capital gains on real estate was suspended and the Bill has not addressed that. Therefore, the Committee is planning to bring an amendment on that. We are also looking at the ... view
• 7 Aug 2014 in National Assembly: coherent extractive industry tax system devoid of needless conflicts, gaps and ambiguities in tax rules and tax administration. A harmonized tax regime has numerous benefits including reduced compliance costs, simplifying the tax audit process; sharply reduced complexity and lower double taxation risk. Hon. Speaker, the Finance Bill does address concerns as published, but the effects of continued use of unsafe alcoholic drinks as I was saying, will actually harm Kenya because many illicit brews that are consumed are not netted in the tax bracket. Therefore, if we can give remission of the 100 per cent to Senator Keg, we shall ... view
• 7 Aug 2014 in National Assembly: Section 18 is just a clean up to harmonize the consistency of the provisions of the law. It is the same as Sections 34 and 35. Section 41 addresses the matters of transfer pricing. Section 53 provides for the filing of provisional returns where the employees are not required to file returns, which is currently outdated. 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