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MP in trouble for tricking the president into signing the wrong Finance Bill 2020

Kipkellion east MP Joseph Limo is in hot soup for sneaking in the betting amendment into the finance bill 2020 that the President recently signed into law.

Treasury CS Ukur Yattani has written a letter to the Amos Kimunya, the National Assembly Majority Leader, requesting quite a number of amendments the government wanted to implement.

The amendments included zero VAT rating on Maize and maize, adding tax on Liquefied petroleum gas, more tax on helicopters and removing VAT on solar panels.

In November 2019, the government imposed 20 percent tax on betting firms that saw a number of the firm close down, including the popular sportpesa and betin.

On June 30, the president signed the Finance bill 2020. But soon after the government was shocked to realize that the imposed 20 percent tax on betting had been scrapped. So who did this?

The National Assembly Finance Committee had sneaked in the betting amendment while deliberating on the proposed amendment items contained in the letter. Betting tax was not part of the amendments.

The MP, who chaired the Committee has now been kicked out for overseeing the change.

Interior CS, Fred Matiang’i said July 3, that the government is going back on its decision to impose the tax. He said the President has already expressed his thoughts on the bill and that the society was being adversely affected by betting.

Content created and supplied by: pktimothy1 (via Opera News )

Fred Matiang Joseph Limo Maize National Assembly National Assembly Finance Committee


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