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Small businesses in Ethiopia are taxed differently than individuals. Businesses are required to pay: "business income tax, windfall income tax, other income tax, turnover tax and excise tax." [17] Over 20% of all tax revenue in Ethiopia is derived from business profit tax, and 62% of all direct taxes consist of business taxation. [12]
However, on November 26, 2015, the enactment of Law No. 131/2015 [3] led to the formation of the National Business Center (QKB) which aimed to simplify business procedures by centralizing registration and licensing in a single institution. Consequently, the National Registration Center and the National Licensing Center were abolished. [4]
The ministry was established under Proclamation No.916/2008 on 7 July 2008 with reorganization from the former Ministry of Capacity Building. [1] Its envisaged to observe public service and complete its mission ethically by 2020, as well as contributing economic development and social welfare by promoting modern Tax and Customs Administration.
A value-added tax (VAT or goods and services tax (GST), general consumption tax (GCT)) is a consumption tax that is levied on the value added at each stage of a product's production and distribution. VAT is similar to, and is often compared with, a sales tax.
List of EU VAT Taxpayers – includes those Polish taxpayers who obtained registration allowing to perform intra-community supply transactions and to use their NIP with the PL-prefix as their EU VAT number; not mandatory for VAT-exempt entities involved in intra-community supply transactions worth altogether less than 50000PLN in the given year ...
A Minnesota couple has reportedly been sentenced to four years after they locked their children in cages for "their safety." Benjamin and Christina Cotton from Red Wing, were sentenced by a ...
Map of the world showing national-level sales tax / VAT rates as of October 2019. A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
Respiratory virus season is officially here in the U.S., making it a prime time to catch a cold. And because the average adult gets two or three colds a year, you could be dealing with an ...
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