MPs demand the identities of the so-called ‘Contrabandists’ The Ethiopian Revenues and Customs Authority (ERCA) revealed that, the likes of tax evasion, fraud and the recently growing role of contrabandists continue to hamper progress of revenue collection of the country.
Almost five months after a public outcry over tax assessment that resulted in unrest in some parts of the country, the Ministry of Finance and Economic Cooperation (MoFEC) increased two weeks ago the threshold amount in excess of which businesses are required to pay value added tax (VAT), thus setting it now at one million birr from the previous 500,000 birr.
In a press conference held to discuss the tax collection performance of the Ethiopian Revenues and Customs Authority (ERCA), Moges Balcha, the director, announced that the amount of tax collected in the past four months is less than the planned revenue.
New standing committee formed for solely overseeing tax As the first quarter of the current fiscal year ended, the government has begun toughening laws in its tax and revenue collection targeting financial shenanigans by first- and second-tier taxpayers.
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