Ethiopia’s government plans to increase its annual tax revenues by more than ten folds to 3.4 trillion birr by 2030, Planning and Development Commission announced.
The country’s tax revenues, which stood at 312 billion birr in the last fiscal year, had showed a six-fold increase over the last decade, lower than what the federal government anticipates for the next decade.
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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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As per income tax proclamation no 979/2016, here are the business profit tax rates in Ethiopia....
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Here are some examples of the average daily income estimation with annual tax calculation. (አማካይ...
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Taxable Income Income tax shall be imposed on the income from rental of buildings. Tax Rate The...
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