YOU will pay more for good grooming, beauty and air travel after Treasury yesterday proposed higher taxes on cosmetics and beauty products as well as tickets. "Cosmetics and beauty products are not currently subject to Excise Duty. Sophie Mukhwana wondered on Twitter how much make-up women use to warrant such action by the government. These products are subject to Excise Duty in some countries in the East African Community. In order to help to move towards the harmonisation of the Excise Duty regime in the EAC, I propose to introduce Excise Duty on cosmetics and beauty products at the rate of 10 per cent," the CS told MPs.

Source: The Star June 09, 2016 05:47 UTC