In order to help businesses withstand the growing impacts of COVID-19, the Addis Ababa City Administration has decided to waive some 4.5 billion birr in interests and penalties on unpaid tax, accumulated since 2005, benefiting some 7,800 taxpayers in the capital, The Reporter has learnt.
In a bid to raise its tax revenue, the Ethiopian Government has tabled a draft excise tax proclamation to the House of People’s Representatives (HPR) that would see a sharp rise in taxation of second-hand imported vehicles, which could go as high as 500 percent.
A group of foreign businesses have echoed their frustration over the taxation and customs laws and procedures that are creating inconveniences in their day-to-day business activities and investment operations.
The Ministry of Revenues announced that its tax payment campaigns has resulted in the hike of its revenue collection for the month of February as it collected 17.8 billion birr, a record monthly collection its history.
The Ministry of Revenue (MoR) has officially declared it has set up a new wing named –
The Office for Partnership on Tax Equity – to serveas a regulatory bodyfor the overall tax collection system, aimed at improving the ailing tax collection system of Ethiopia.