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In 1976, agricultural and rural land taxes were replaced by a land-use fee and a new agriculture tax. [1] Ethiopia underwent major tax reform in the 1990s. As a result, the tax system was overhauled alongside much of the public finance system. [2] The Ethiopian reforms were considered some of the most successful on the continent.
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. In 2022/23 fiscal year, the ministry sought to secure 450 billion birr in tax revenue. [2] The current minister is Lake Ayalew from 2021. [3]
Fiscal Memory Devices (FMDs) are electronic devices used to record sales tax owed to a country. [1] As of 2004, they are widely used in countries around the world, including Russia, Bulgaria, Serbia, Romania, Republic of Macedonia, Albania, Argentina, Poland, Moldova, Bosnia and Herzegovina, Kazakhstan, Armenia, Georgia, Kenya, Tanzania, Malawi, and Ethiopia.
The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective ...
During the Italian occupation, various revenue stamps inscribed Africa Italiana, Africa Orientale Italiana (Italian East Africa) or Colonie Italiane were used in Ethiopia, as well as in Italian Eritrea and Italian Somaliland. The cities of Addis Ababa, Dire Daua and Gondar also issued municipal revenue issues.
Ethiopia’s biggest bank says it has recouped nearly 80% of the cash it lost during what it says was a glitch in its system that allowed customers to take out more money than they had in their ...
In 1984, the Derg formed Workers Party of Ethiopia (WPE) headed by Mengistu Haile Mariam and formalized the establishment of the People Democratic Republic of Ethiopia in 1986. The Derg devoted itself aligning Eastern bloc ( Soviet Union , Cuba, and Eastern European states) from the beginning with Soviet Union considered "natural ally to Ethiopia".
Since the new constitution of Ethiopia enacted in 1995, Ethiopia's legal system consisted of federal law with bicameral legislature. [1] The House of People's Representatives (HoPR) is the lower chamber of bicameral legislature of Federal Parliamentary Assembly with 547 seats and the House of Federation with 108 seats, the former vested on executive power of Prime Minister and the Council of ...