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[Oct 2017] Ethiopian Revenue and Customs Authority (ERCA) Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Simachew Kebede Finally Gets out of Prison

Simachew Kebede, the major shareholder of DH Simex Plc that owns Intercontinental Addis Hotel, finally gets out of prison after settling the case with the Federal Prison Administration, which resisted his release mentioning the pending appeal against him. He was released on July 13, 2017, with prohibition after serving four years of a six-year sentence for tax evasion crimes for which he was convicted.

The Federal High Court found him guilty and sentenced him during the court session held on June 14, 2017. But lawyers started

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Supreme Court Exonerates Fikru Maru

Justices of the Supreme Court have ruled acquitting Fikru Maru (MD), a cardiovascular specialist and hospital owner, overruling an earlier conviction of corruption given by a lower court which sentenced him to four years and eight months.

An appeal lodged by Fikru pleading reversal of the ruling rendered by judges at the Federal High Court has culminated in exonerated him from charges after he has served four years of his jail term. On May 3, 2017, the Justices ruled the defendant was free from charges brought against him by

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Cash register machine importers blame ERCA for lack of support

ERCA ethiopian revenues and customs authorityCompanies engaged in the supply of cash register machines with permit from the Ethiopian Revenue and Customs Authority (ERCA) have complained of lack of support from the authority.

Experts, who requested anonymity, told Capital that the sales register machines businesses are now uncomfortable with staffs accredited by ERCA to manage the

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Beker Shale, Former Directory of ERCA becomes Head of OPDO

Beker Shale Former ERCA Head Now OPDO PresidentBeker Shale, former Director of the Ethiopian Revenues & Customs Authority (ERCA), is now Office Head of the Oromia People’s Democratic Organization (OPDO). He received notice of his appointment at the Authority’s headquarters last week, and was informed that he was expected to assume office on March 1,

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Fraud and Tax Evasion by a known cash register supplier being investigated

Haron Computer PLC, anauthorized sales register machine supplier and suspected associates were charged by the Ethiopian Revenue and Customs Authority (ERCA) prosecutors on allegations of misappropriating register machines’ operation. ERCA’s prosecutors claim that the defendants are guilty of tax evasion though the misuse of sales register machines. Though the case is still under investigation, current charges include illegal transactions of 167 million birr and damage to or evasion of 27 million birr in VAT and 51 million birr of income

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Tax Authority to Advance to e-payment System in September

The Ethiopian Customs & Revenue Authority (ERCA) is to launch an e-payment system in the first weeks of September 2015.

The system will first open for large tax payers (LTP) – those with a turnover of 27 million Br, annually.

This is the extension of the e-filing system, which ERCA has been implementing for the past four years for both large and medium tax payers. It was installed in 2009 by CRC Sogema, a consulting firm based in Canada, with a 90,000 dollars financial support from the Investment Climate Facilitation

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Court freezes assets of Tidhar Excavation and Earth Moving Ltd

The 18th Criminal Bench of the Federal High Court at Lideta Division ruled on July 27 to freeze the asset of the Israeli construction company Tidhar Excavation and Earth Moving Ltd. pursuant of the charges that were filed by the Federal Ethics and Anti Corruption Commission (FEACC).

The company’s assets will remain frozen until the hearing is over.

Menashe Levy, manager and owner of Tidhar, who was arrested a week ago on allegations of corruption and tax evasion appeared before court this week.

He is said to

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ERCA plans to double its workforce

The Ethiopian Revenue and Customs Authority (ERCA), which has been operating with half of its required human resources, intends to double its staff.
The authority that is responsible for collecting taxes and controlling customs currently has 10,769 employees, which is only 52 percent of the staff it requires.
Public Relations Head of ERCA Efrem Mekonnen said the authority recruits fresh graduates each year to gradually meet its staffing needs.
“By the end of September, which is the first quarter of the 2015/16 fiscal

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MoFED launches new financial management system

A new Integrated Financial Management Information System (IFMIS) is being tested in six federal ministries and two regional states with a view of transforming the government financial system, the Integrated Budget and Expenditure System (IBEX).
Ministry of Finance and Economic Development (MoFED)with Oracle Corporation and Transnational Computer Technology (TCT) is currently implementing the system that uses a customized Oracle E-Business Suite (EBS).
The new system is said to create financial transparency and accountability as

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