Kimani Francis Kuria

Hon. Kuria Kimani (Molo, UDA) On a point of information, Hon. Temporary Speaker.

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Speaker, I would like to inform Hon. Saney. I am really liking the contribution he is making and that is the whole objective of this Bill: to regulate that particular space. When a pastoralist sells his cows and trades in these virtual assets...

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Speaker, one of the things that affect the volatility is facts like what we call insider trading, which has strictly been prohibited by this. We have also provided for fiat-based digital currencies, where that virtual asset is backed up by a physical asset....

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Speaker, before I move the Bill for Second Reading, I want to take a minute to welcome these great girls to the National Assembly and to also inform them that the great Nakuru County is also bestowed and gifted with many elected women...

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Chairman, I beg to move that the New Clause 40A be now read a Second Time. During public participation on the Bill, one entity that came to our Committee is called Koru Rum. This is a manufacturer based in Koru in Muhoroni, who...

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Chairman, I beg to move that New Clause 41A be now read a Second Time. This is the matter we were debating earlier. The Temporary Chairman (Hon. David Ochieng’) : You explained it very well. Hon. Kuria Kimani (Molo, UDA) Micro-distillers are not...

Hon. Kuria Kimani (Molo, UDA) Thank you, Hon. Temporary Chairman. I share all the sentiments that have been raised on the Floor of the House, including those raised by my senior, the Leader of the Majority Party. New Clause 41A (2B) provides that the production volume of such a licensed...

Hon. Kuria Kimani (Molo, UDA) I beg to move that New Clauses 42A, 42B and 42C be now read a Second Time. New Clause 42A seeks to impose a 5 per cent Excise Duty on amounts deposited in a customer's wallet. It seeks to impose excise on fees charged on...

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Chairman, I totally understand where the Chairman of the Budget and Appropriations Committee is speaking from. But we must desist from using the Finance Bill as just a tool for raising revenue. The Finance Bill should inform policy for our country. For this,...

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Chairman, Section 59A of the Tax Procedures Act is on data management and reporting system. The Commissioner may establish a data management and reporting system for the submission of electronic documents, including detailed transactional data relating to those documents. Section 59A (1A) of...

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Chairman, I beg to move that the New Clause 42D be now read a Second Time. This clause seeks to define certificate of origin. This is meant to cure a mischief that happens. When some goods are being imported into the country, they...

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Chairman, I beg to move that the New Clause 49A be now read a Second Time. This clause brings even more clarity to the issue I spoke about earlier. It provides for the specific details that must be included in the certificate of...

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Chairman, I beg to move that the New Clause 56A be read a Second Time. This is a provision that again we had in the Finance Bill of 2024 that was seeking to ringfence 20 per cent of money collected through Miscellaneous and...

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Chairman, I would like to give comfort to my Senior, Hon. (Dr) Makali Mulu, that this particular provision is not creating additional funds. He has been one of the Members in this House who has been very vocal on the need to rethink...

Hon. Kuria Kimani (Molo, UDA) Thank you, Hon. Members, for raising your concerns. I want to give clarity to what this is. Section 7 of the Miscellaneous Fees and Levies Act says: “There shall be paid a fee to be known as the import declaration fee on all goods imported...

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Chairman, this is the beauty of our democracy; engaging in such robust and constructive debate. I understand where the Chairman of the Budget and Appropriation Committee is coming from. (Hon. Samuel Atandi and Hon. Peter Kaluma consulted loudly) The Temporary Chairman (Hon. David...

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA) Put the Question. (Question, that the words to be inserted be inserted, put and agreed to) (Question, that the words to be left out be left out, put and agreed to) (Question, that the words to be inserted in place thereof be inserted, put and...

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Chairman, I beg to move that the Committee do report to the House its consideration of the Finance Bill (National Assembly Bill No.19 of 2025) and its approval thereof with amendments. The Temporary Chairman (Hon. David Ochieng’) : Order, Hon. Members! (Question proposed)...

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA) I beg to move: THAT, the Bill be amended in Clause 5 by deleting the words “by inserting the following new paragraphs immediately after paragraph (k) − Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Chairman, this particular amendment has been necessitated by the experience, for example, with the Significant Economic Presence Tax. The Ministry requires us to make particular amendments to the law, but then they take all their time to issue regulations. Therefore, we require them...

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Chairman, I would like to assure Hon. (Dr) Oundo, that Mhe. Mwalimu Omboko is very conversant with these matters. He sits in the Speaker’s Panel and is also keen in following the proceedings of this House. The Temporary Chairman (Hon. David Ochieng’) :...

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA) Clause 27. The Temporary Chairperson (Hon. David Ochieng’) : Move Clause 26 first. Hon. Kuria Kimani (Molo, UDA) Sorry. I want to sincerely thank Hon. (Dr) Oundo, because he is the one who noticed this yesterday during the Second Reading and he has noticed it...

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Chairman, I beg to move that New Clause 5A be now read a Second Time. This amendment proposes to repeal Section 12 (d) of the Income Tax Act. As you may recall, in the Finance Act of 2023, we passed a law providing...

Hon. Kuria Kimani (Molo, UDA) Thank you, Hon. Temporary Chairman. Section 12 (d) (1) and (1a) of the Income Tax Act of 2023 provided for minimum tax. However, that particular proposal was challenged in our courts. It was said that you cannot tax a loss and for you to pay...

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA) Yes. New Clause 36A which seeks to amend the Value Added Tax Act by inserting the following paragraph: Where a person imports or purchases goods or services which are exempt or zero-rated and that person subsequently disposes of, uses the goods or services supplied in...

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Chairman, I beg to move that Clause 38 be now read... The Temporary Chairman (Hon. David Ochieng’) : No, it is 30A. Hon. Kuria Kimani (Molo, UDA)Okay. New Clause 30A. Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Chairman, I beg to move that...

Hon. Kuria Kimani (Molo, UDA) We should begin with the moment a credit entity issues a loan to a debtor. The issuance of that loan is an exempt transaction. If the loanee defaults for any reason, but there exists collateral which was advanced whose transaction was tax exempt. When the...

Hon. Kuria Kimani (Molo, UDA) Having listened to the concerns of Members regarding this particular clause, it is evident that this proposal requires further consideration. Therefore, I beg to withdraw this amendment to allow for further consultations, so that we do not disadvantage an already disadvantaged defaulter. The Temporary Chairman...

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA) I beg to move that New Clause 4A be read a Second Time. This proposed amendment seeks to provide that the headquarters of the Council to be in Nairobi to ensure accessibility of its services. It also gives them the leeway to establish other branches...

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Chairman, I have consulted widely, including with the Leader of the Majority Party. He is going to move the next Bill, the amendment to the Kenya Roads Bill, that will limit the term of the board members to three years. As a House,...

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Chairman, I beg to move that the New Clause 33A be now read a Second Time. The proposed amendment seeks to retain the substance of Clause 32 of the Bill on the transfer of assets and liabilities, but places it logically within the...

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Chairman, I beg to move that the new Clause 33B be now read a Second Time. This proposed amendment is seeking to retain what we amended in clause 33, so that we make it on transitional basis for the employees of the Council....

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Chairman, I beg to move that the New Clause 33C be now read a Second Time. This proposed amendment is seeking to provide for transition mechanisms for legal proceedings by or against the NCPD, established under the State Corporation Order of 2004. Once...

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Chairman, I beg to move that the new Clause 33C be now read a Second Time. I thank Hon. Raso for that contribution. To speak to the matter that he raised, this New Clause 33D speaks more to the rights of those that...

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA) I thank you, our senior, Hon. Millie Odhiambo, for raising that particular point. This is one of the matters that were raised during public 18th June 2025 NATIONAL ASSEMBLY DEBATES 80 Hon. Kuria Kimani (Molo, UDA)participation. Clause 8 of the Bill recognises the following institutions...

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Speaker, before I move, I wish to thank the Members of this House for the robust debate we have had. I strongly believe it has enriched our Bill and informed how we will carry out this exercise in future. Hon. Temporary Speaker, I...

Hon. Kuria Kimani (Molo, UDA) Yes, Hon. Temporary Chairman. Sorry to take you back. But one of the conversations that this Parliament and this discussion has done, and also came out prominently during public participation, and if you read our reports, you will see that is one of our recommendations,...

Hon. Kuria Kimani (Molo, UDA) Thank you, Hon. Temporary Speaker. First, I support the amendments proposed by the Leader of the Majority Party. This is a call to action for Members of Parliament because we are considering amendments that were sneaked in at the tail-end of the term of the...

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Speaker, considering the materiality of this Bill and that we have two minutes to the end of business today, I request that we defer this business to tomorrow in the afternoon.

Hon. Kuria Kimani (Molo, UDA) Hon. Speaker, bearing the sensitivity of this particular matter, we will endeavour to reply to this House within seven days. Further delay in this matter will mean that the Government will lose a very strategic investment that is made by the College of Insurance and...

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Speaker, there are three VAT rates in Kenya. A product can be vatable under the standard rate of 16 per cent, exempt from VAT, or zero-rated. The difference between a zero-rated and exempt product is that, for a zero- rated product the manufacturer...

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Speaker, with your indulgence, I beg to donate...

Hon. Kuria Kimani (Molo, UDA) Yes, please.

Hon. Kuria Kimani (Molo, UDA) Yes, I would like to donate a minute to Hon. Omboko, another to my comrade, Hon, Karemba, and the same to Hon. Zamzam.

Hon. Kuria Kimani (Molo, UDA) Thank you very much, Hon. Temporary Speaker. I thank Members who have contributed to this discussion. I would like to respond to two particular matters: The first one was raised by Hon. Oundo. Clause 26 amending paragraph 53 of the First Schedule of the Income...

Hon. Kuria Kimani (Molo, UDA) Hon. Deputy Speaker, I beg to move that the Finance Bill (National Assembly Bill No.19 of 2025) be now read a Second Time. For the last 32 days, the Departmental Committee on Finance and National Planning has dutifully and diligently discharged its mandate in accordance...

Hon. Kuria Kimani (Molo, UDA) Hon. Speaker, I beg to lay the following Paper on the Table: 12th June 2025 NATIONAL ASSEMBLY DEBATES 6 Report of the Departmental Committee on Finance and National Planning on its

Hon. Kuria Kimani (Molo, UDA) Hon. Speaker, I beg to lay the following Paper on the Table: 12th June 2025 NATIONAL ASSEMBLY DEBATES 6 Report of the Departmental Committee on Finance and National Planning on its

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Speaker, all the board directors who have been following this debate have heard the concerns raised by Members. Therefore, it is up to them to do their best to ensure that the CBK is respected, authoritative, innovative, technology-driven, and has an interest in...

Hon. Kuria Kimani (Molo, UDA)

Hon. Kuria Kimani (Molo, UDA) Hon. Temporary Speaker, all the board directors who have been following this debate have heard the concerns raised by Members. Therefore, it is up to them to do their best to ensure that the CBK is respected, authoritative, innovative, technology-driven, and has an interest in...

Hon. Kuria Kimani (Molo, UDA) Thank you very much, Hon. Temporary Speaker. Today's Motion concerns the discharge of the Public Transport (Motorcycle Regulation) Bill, (Senate Bill No. 38 of 2023) , which is now being officially withdrawn from the House. This Bill is sponsored by the Senator for Kakamega, Dr....

Hon. Kuria Kimani (Molo, UDA) Thank you, Hon. Temporary Speaker. I have really enjoyed the contributions of various Members who have supported the nominations. I urge these two very dedicated Kenyans, when given a chance, to live up to their oath and to the expectations of Members. They will hold...

Hon. Kuria Kimani (Molo, UDA) Hon. Speaker, I first thank the Leader of the Majority Party in response to this Bill for agreeing to step it down. It is not the habit of the Departmental Committee on Finance and National Planning to try to slow down any Motion or Bill...

Hon. Kuria Kimani (Molo, UDA) Hon. Speaker, Hon. Martha Wangari is one of the leaders I look up to. She is serving her third term, one as a Senator and two terms as an elected Member for Gilgil, so she ranks higher than me in this House. I seek her...