According to the Ethiopian Income Tax Proclamation No. 286/2002, "Business" or 'Trade" shall mean any industrial, commercial professional or vocational activity or any other activity recognized as trade by the Commercial Code of Ethiopia and carried out by any person for profit.
Types of taxes and their conditions
The different types of taxes, their meaning, rates and conditions, as provided by the Federal Inland Revenue Authority (FIRA), are presented below.
1. Value Added Tax...