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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.
The Ethiopian government is stepping up its efforts to attract foreign investors, particularly in the textile sector. They can now import machines without customs duties, and benefit from a tax exemption for ten years, rents much lower than market prices, and almost free water and electricity.
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.
The Ethiopian Empire fell to Italy at the end of the Second Italo-Ethiopian War in 1936. 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 pioneer of analysis of the premodern economic history of Ethiopia, Richard Pankhurst, published a full-length book titled An Introduction to the Economic History of Ethiopia from Early Times to 1800 in 1961 from available sources published in 1800, which were attributed to Encyclopedia Aethiopica. [9]
President Haile Mariam Mengistu's March 1990 speech to the Central Committee of the Worker's Party of Ethiopia was a turning point in Ethiopia's recent economic history. Acknowledging that socialism had failed, Mengistu proposed implementing a mixed economy. Under the new system, the private sector would be able to participate in all parts of ...
Ethiopia's economy is ranked 159th place out of 190 countries in 'Ease of doing business'. [35] Ethiopia is also a part of African Continental Free Trade Area, Common Market for Eastern and Southern Africa, Intergovernmental Authority on Development, and the G24, and has observer status at the World Trade Organization.
The 1931 Constitution of Ethiopia was the first modern constitution of the Ethiopian Empire, intended to officially replace the Fetha Nagast, which had been the supreme law since the Middle Ages. It was promulgated in "an impressive ceremony" held 16 July 1931 in the presence of Emperor Haile Selassie , who had long desired to proclaim one for ...