Ethiopia introduces VAT exemptions on water, electricity, mass transport services for low-income groups

03 October, 2024

The Ethiopian Ministry of Finance published VAT Directive No. 1341/2024, outlining the application of VAT on water, electricity, and transport services on 29 August 2024. The South African government has updated the value-added tax (VAT) policy

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Ethiopia revises VAT exemptions

26 June, 2024

Ethiopia's Ministry of Finance has released Directive No. 1006/2024, which alters VAT exemptions across the country. Effective from 20 June, 2024, all goods and services previously exempt through various ministry directives or decisions will now

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MoF in Ethiopia issues new transfer pricing directive

10 April, 2024

The Ethiopian Ministry of Finance (MoF) released Directive No. 981/2024 (referred to as "The Directive"), introducing new transfer pricing regulations, concerning the pricing of international and domestic transactions between related persons whose

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Ethiopia publishes investment incentives Law

12 August, 2022

On 12 July 2022, a new Investment Incentive Law No. 517/2022 was published by the Ethiopian Council of Ministers. The new Law aims to expand the scope of investment incentives and boost investment in Ethiopia. The law provides the following

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Ethiopia: Council of Ministers adopts economic measures due to COVID-19 pandemic

25 May, 2020

On 26 April 2020, the Council of Ministers of Ethiopia has adopted a number of economic measures in response to coronavirus outbreak. Following the decision of the Council of Ministers, the Ministry of Finance has issued Directive No.64/2020

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IMF report recommends further reforms in Ethiopia

18 January, 2018

On 17 January 2018 the International Monetary Fund (IMF) issued a report following the conclusion of consultations with Ethiopia under article IV of the IMF’s articles of agreement. Ethiopia’s average annual GDP growth has been around 10% in

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Double tax treaty between Cyprus and Ethiopia enters in to force

25 October, 2017

On 19 October 2017, the Double Taxation Agreement (DTA) between Cyprus and Ethiopia was entered into force and it will apply from 1 January 2018 in Cyprus and from 8 July 2018 in

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Morocco ratifies DTA with Ethiopia

16 October, 2017

On 30 August 2017, Morocco has ratified the Double Taxation Agreement (DTA) with Ethiopia and that was signed on 19 November

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Morocco: Council of Ministers approve DTA with Ethiopia

11 July, 2017

The Income Tax Agreement of 2016 between Morocco and Ethiopia was approved on June 25, 2017 by the Council of Ministers of Morocco. The agreement provides for the avoidance of double taxation by way of a tax credit or

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Ethiopia: Budget for 2017/18

21 June, 2017

The Minister of State for Finance and Economic Cooperation presented the draft budget to Parliament on 8 June 2017. The Council of Ministers proposed to spend 320.8 birrs (USD 13.8 billion), which is a rise of 2.02 billion (16.9%) over the current

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Portugal: DTA with Ethiopia enters into force

11 June, 2017

The Double Taxation Agreement (DTA) between Ethiopia and Portugal entered into force on 9 April 2017. The agreement provides for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on

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Morocco approves DTA with Ethiopia

10 May, 2017

The Council of Government in Morocco approved the Double Taxation Agreement (DTA) on 4 May 2017 with

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DTA between Ethiopia and Morocco signed

21 November, 2016

A Tax Treaty between Ethiopia and Morocco has been signed with following a meeting held from 18 to 19 November 2016 in Addis-Ababa for avoiding double

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Ethiopia: Introduces Transfer Pricing Rules

27 October, 2016

Ethiopia has introduced Transfer Pricing rules and the new rules are applicable for all Ethiopian taxpayers with cross-border Intercompany Transactions exceeding 500,000 Ethiopian birr/USD 22,380 and for Ethiopian taxpayers with domestic

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Ethiopia: IMF report comments on economic and fiscal position

31 October, 2015

Following consultations with Ethiopia under Article IV of the IMF’s articles of agreement the IMF released a staff report and other documents on 30 October 2015. Ethiopia’s recent economic performance has been strong, with economic growth of

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Ireland signs new Double Taxation Agreement (DTA) with Ethiopia

10 November, 2014

Ireland and Ethiopia has signed a new Double Taxation Agreement (DTA) on November 3, 2014. The legal procedures to bring these agreements into force will need to be

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Treaty between Ethiopia and Saudi Arabia approved by Saudi Arabia

15 April, 2014

Saudi Arabia approved the double tax with Ethiopia on 31 March 2014. The treaty will enter into force when the appropriate ratification procedures have been completed in both

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Kenya and Ethiopia negotiating a DTA

23 March, 2014

Kenya and Ethiopia are negotiating a double taxation agreement (DTA), according to a statement posted on March 11, 2014, on the Kenyan President's website. No further details are currently

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