African Countries to tax women’s wigs, plus highlights of East Africa’s budgets

Related image

The women surveyed who said they routinely spend money on their appearance spend an average of $3,756 a year (or $313 a month), which adds up to $225,360 throughout their entire lifetime (ages 18-78).

When added up, the average woman will drop $55,000 in a lifetime on hair products and treatments. It is enough to rethink if it worth it dating or marrying a woman who wears wigs all the time?

Tanzania’s finance ministry proposed new taxes on locally manufactured and imported wigs and hair extensions which are popular with women in the country.

When the budget is approved, locally manufactured wigs will pay a 10% tax, while imported ones will attract a 25% tax.East African finance ministers including from Uganda, Rwanda, Kenya and Tanzania presented their budgets for the next financial year on Thursday

Tanzania’s budget

Mpango said Tanzania’s overall spending will rise 2% to 33.11 trillion shillings ($14.43 billion) in 2019/2020, while borrowing 4.96 trillion shillings from the domestic market.

Rwanda’s budget

Rwanda’s overall spending will rise 11% in 2019/20 (July-June) fiscal year to 2.877 trillion Rwandan francs ($3.16 billion)

Uganda’s ambitious financial plan

Uganda plans to raise its spending by 23% in 2019/20 (July-June) to 40.1 trillion shillings, and its fiscal deficit will rise, its finance minister said on Thursday in his budget speech.

Highlights of Kenya’s budget

Kenya will cut its budget deficit for its 2019/20 (July-June) financial year to 5.6 percent of GDP from 7.4 percent in the fiscal year to the end of this month, the Finance Minister Henry Rotich said in his budget proposals to parliament


Leave a Reply