Taxation in Ethiopia Latest News

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Ethiopia plans to collect 3.4 Trillion Birr (10 times the current amount) in tax revenues by 2030

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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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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Products and Services in Ethiopia

Date: Apr 19, 2023
Currency (Code) Buying Rate Selling Rate
US DollarUS Dollar(USD)54.067955.1493
EuroEuro(EUR)59.344960.5318
Pound SterlingPound Sterling(GBP)64.213165.4974
UAE DirhamUAE Dirham(AED)13.323413.5899
Saudi RiyalSaudi Riyal(SAR)13.045613.3065
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