13 Jun 2013 in National Assembly:
v. Further strengthening financial systems for sustainable development Hon members, I have proposed tax measures aimed at facilitating development of infrastructure facilities such as railway and energy in order to reduce the cost of transport and energy and make our economy competitive. Hon Members, rail transport is the most economical mode of transportation for freight and passenger. However, our railway facilities have not received much incentives compared to other transportation infrastructure. In this regard, I propose to exempt Import Duty on importations of items used to facilitate railway operations in order to support the expansion and development of the railway ...
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13 Jun 2013 in National Assembly:
v. Further strengthening financial systems for sustainable development Hon members, I have proposed tax measures aimed at facilitating development of infrastructure facilities such as railway and energy in order to reduce the cost of transport and energy and make our economy competitive. Hon Members, rail transport is the most economical mode of transportation for freight and passenger. However, our railway facilities have not received much incentives compared to other transportation infrastructure. In this regard, I propose to exempt Import Duty on importations of items used to facilitate railway operations in order to support the expansion and development of the railway ...
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13 Jun 2013 in National Assembly:
25 per cent and plastic tubes for packing of toothpaste, cosmetics and similar products from 10 per cent to 25 per cent. I expect this measure will cushion the local manufacturers from cheap imports. Hon. Member, I have noted the challenges faced by employers regarding insurance premiums paid on behalf of employees for group life and group personal accident policy covers. I propose to exempt premiums for such covers where they do not confer a benefit to the employees. Hon. Members, persons with disabilities have this year concluded their first phase of the three year tax exemption status. I propose ...
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13 Jun 2013 in National Assembly:
25 per cent and plastic tubes for packing of toothpaste, cosmetics and similar products from 10 per cent to 25 per cent. I expect this measure will cushion the local manufacturers from cheap imports. Hon. Member, I have noted the challenges faced by employers regarding insurance premiums paid on behalf of employees for group life and group personal accident policy covers. I propose to exempt premiums for such covers where they do not confer a benefit to the employees. Hon. Members, persons with disabilities have this year concluded their first phase of the three year tax exemption status. I propose ...
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13 Jun 2013 in National Assembly:
In 2004, the Government introduced an excise tax remission on Senator Keg Beer to discourage consumption of illicit and dangerous brews. However, it has been difficult to administratively differentiate between various beer products and Senator Keg, thereby posing a threat to revenue collection. In order to safeguard the original intention of this policy, I have amended the said regulation to reduce the remission by 50 per cent, from 100 per cent; and to grant it only in respect of beer made of millet, sorghum and cassava. The Senator Keg will, however, continue to enjoy a remission at this new level ...
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13 Jun 2013 in National Assembly:
In 2004, the Government introduced an excise tax remission on Senator Keg Beer to discourage consumption of illicit and dangerous brews. However, it has been difficult to administratively differentiate between various beer products and Senator Keg, thereby posing a threat to revenue collection. In order to safeguard the original intention of this policy, I have amended the said regulation to reduce the remission by 50 per cent, from 100 per cent; and to grant it only in respect of beer made of millet, sorghum and cassava. The Senator Keg will, however, continue to enjoy a remission at this new level ...
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13 Jun 2013 in National Assembly:
and our Constitution. I expect this assignment to be completed and drafts ready by the end of September, 2013. The review should target having two legislations, one for establishment of the authority and the other covering regulatory issues of the market. In the same spirit, I direct the Retirement Benefits Authority (RBA) to carry out a similar exercise and have drafts ready by the end December, 2013. In order to strengthen the regulatory framework of the Kenya Deposit Insurance Corporation (KDIC) and ensure adequate protection to depositors, I have proposed amendments to the Kenya Deposit Insurance Act to expand the ...
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13 Jun 2013 in National Assembly:
and our Constitution. I expect this assignment to be completed and drafts ready by the end of September, 2013. The review should target having two legislations, one for establishment of the authority and the other covering regulatory issues of the market. In the same spirit, I direct the Retirement Benefits Authority (RBA) to carry out a similar exercise and have drafts ready by the end December, 2013. In order to strengthen the regulatory framework of the Kenya Deposit Insurance Corporation (KDIC) and ensure adequate protection to depositors, I have proposed amendments to the Kenya Deposit Insurance Act to expand the ...
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13 Jun 2013 in National Assembly:
My appreciation also goes to the Chair of the Council of Governors, Hon Isaack Ruto, for the constructive engagement on the budget allocations for county governments. Appreciation also goes to the board, management and staff of Kenya Revenue Authority for their contribution to revenue mobilization – I look forward to better times in the year ahead. Appreciation also goes to the board, management and staff of Central Bank of Kenya for their management of monetary policy. I thank the Commission on Revenue Allocation and its chairperson for their contributions; the management and staff of the National Treasury, their selflessness dedication ...
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13 Jun 2013 in National Assembly:
My appreciation also goes to the Chair of the Council of Governors, Hon Isaack Ruto, for the constructive engagement on the budget allocations for county governments. Appreciation also goes to the board, management and staff of Kenya Revenue Authority for their contribution to revenue mobilization – I look forward to better times in the year ahead. Appreciation also goes to the board, management and staff of Central Bank of Kenya for their management of monetary policy. I thank the Commission on Revenue Allocation and its chairperson for their contributions; the management and staff of the National Treasury, their selflessness dedication ...
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