Ethiopian tax law

Our Law Office’s Tax team is composed of Tax Attorneys and Tax Advisors with broad range of skills, perfectly suited to advise clients on all issues related to tax in this environment. The number of proclamations, regulations and directives makes it to some extent difficult to understand this area of law. As important sources of public revenue, taxes are very important part of the daily functioning of a government. Tax Law (s) is a branch of public law. Accordingly, the material deals with the following.

In addition to raising revenue , the MOR is responsible to protect the society from adverse effects of smuggling.

And according to article of the proclamation every person having an income as defined above is required to pay income to the government. End Your IRS Tax Problems. Money Back Guarantee - Free Consultation. Stop Wage Garnishments. TAX EVASION UNDER ETHIOPIAN TAX LAWS.

Income Tax Proclamation. It is an important and most significant source of revenue of the government. Ethiopian Tax System.

Make sure to join our newsletter list. The earlier tax laws of the country simply by-passed this matter without devoting a single provision governing the area. The idea was to streamline the tax system to gather revenue from the country’s economic growth. They pay taxes with fixed rates, but now their incomes are estimated and.

C a new income tax rate will be in effect. C the Ministry of Finance and Economic Cooperation (MoFEC) has announced this new tax proclamation. Government levies five kinds of taxes on import items. These taxes are assigned priority levels and are calculated in a sequential order. These taxes, in their sequential order, are customs duty, excise tax , VAT, surtax and withholding tax.

New Proclamation) repealing Excise Tax Proclamation No. With the coming of colonialism, the colonial masters had to introduce a number of tax laws in order to raise financial resources to run the colonial territories. Recent laws have forbidden TV advertisements of beer and alcoholic beverages.

Even though it is unknown how many have stopped drinking because of that but it is undeniable that it has decreased the vulnerability through these advertisements. The new excise tax law has imposed a new tax on the profitable beverage industry. Carl Copping Plehn, Introduction to Public Finance, 2nd E Macmillan Company. The Revised Value Added Tax Proclamation No. On income of bodies (share companies) thirty percent.

No person or entity shall perform employment exchange activities for consideration.

These principles are still considered to be the starting point of sound public finance. For convenience, it organizes and analyzes the share company law provisions correspondin.