The National Assembly by the Cabinet Secretary to the National Treasury was presented the Budget for 2013-14 on 13 June 2013 .
Capital gains tax has been re-introduced and applies to real estate, marketable securities and other saleable assets. The budget measures also withholding tax at 20% on gains from gambling and betting and this will be a final tax on the gains and will apply to both residents and non-residents. Measures are being introduced to streamline tax procedures. Legislation is also to be introduced to give wider powers to obtain financial records from taxpayers. The budget also measures recognize that group life insurance and group personal accident insurance premiums paid by employers on behalf of an employee are not taxable income for the employee.
