Excise Tax in Ethiopia Latest News

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New car / vehicle excise tax rate for new cars to be reduced from 30% to 5%

According to the new changes to be introduced to the amendment, an excise tax levy which was proposed on imported new vehicles (cars with production dates not exceeding two years) and with engine capacity of 1300 horsepower and less was to be reduced from 30 percent down to 5 percent, according significant cost advantage to local car assembles and new car importers.

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Date: Oct 21, 2021
Currency (Code)Buying RateSelling Rate
US DollarUS Dollar(USD)46.880447.8180
EuroEuro(EUR)54.536055.6267
Pound SterlingPound Sterling(GBP)61.586762.8184
UAE DirhamUAE Dirham(AED)11.549411.7804
Saudi RiyalSaudi Riyal(SAR)11.311111.5373
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