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[Nov 2017] Average Daily Income Estimation in Ethiopia Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Average Daily Income and Annual Tax Calculation with Examples (አማካይ የቀን ገቢ ግምት እና አመታዊ ግብር መጠን በምሳሌ)

Here are some examples of the average daily income estimation with annual tax calculation. (አማካይ የቀን ገቢ ግምት እና አመታዊ ግብር በምሳሌ)

Example 1 - Business Type : Tailor (ልብስ ስፌት)

Daily income estimate :  1,200 birr

Annual Income = 1,200 birr x 300 days

Annual Income = 360,000 birr

Estimated Profit for this business sector = 10% (For 350,000 birr - 375,000 birr)

Annual Profit = 375,000 birr x 10%

Annual Profit = 37,500

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