Films Review | Oct 09,2021
Beverage companies and commercial banks dominated last week's event held at the Grand Palace up at Arat Kilo. Prime Minister Abiy Ahmed (PhD) handed out recognition awards to over 300 taxpayers for their "integrity" in paying their dues to the state. The Prime Minister was accompanied by Le'ake Ayalew (centre), a minister of Revenues, and Shimelis Abdisa, president of Oromia Regional State. The honorees included state-owned enterprises such as Ethio telecom and the Commercial Bank of Ethiopia (CBE). Ethio telecom generated over 56.5 billion Br in revenues last year.
Private companies, such as BGI Ethiopia, Heineken, and WeBuild S.P.A Ethiopia Branch (formerly Salini Impregilo S.P.A), the contractor hired to build the civil works on the Grand Ethiopian Renaissance Dam (GERD), were also present. Of the top 30 large taxpayers, seven were beverage companies and another seven commercial banks. Last year's version of the event saw 200 taxpayers awarded for their diligence. The number has grown, and government tax revenues have reached a record-high 279 billion Br last year, an 18pc jump.
Tax officials claim the figure represents 96.4pc of the target, although the war in the north has prevented them from collecting around eight billion Birr from Tigray Regional State. The war is putting a strain on public finance, and with development partners threatening to cut budget support and impose sanctions over the ensuing humanitarian crisis, authorities will likely apply more pressure on taxpayers in a bid to compensate.
"A country that can't earn enough revenues from domestic taxpayers will be forced to appear before prosperous countries begging for money that won't even be enough," said Prime Minister Abiy.
PUBLISHED ON
Oct 23,2021 [ VOL
22 , NO
1121]
Films Review | Oct 09,2021
Fortune News | Jun 21,2026
Commentaries | Sep 26,2021
News Analysis | Aug 28,2021
Editorial | Feb 05,2022
Editorial | Jun 17,2020
Commentaries | Jan 05,2019
Radar | Nov 05,2022
Editorial | Apr 09,2022
Viewpoints | Jul 18,2021
Dec 22 , 2024 . By TIZITA SHEWAFERAW
Charged with transforming colossal state-owned enterprises into modern and competitiv...
Aug 18 , 2024 . By AKSAH ITALO
Although predictable Yonas Zerihun's job in the ride-hailing service is not immune to...
Jul 28 , 2024 . By TIZITA SHEWAFERAW
Unhabitual, perhaps too many, Samuel Gebreyohannes, 38, used to occasionally enjoy a couple of beers at breakfast. However, he recently swit...
Jul 13 , 2024 . By AKSAH ITALO
Investors who rely on tractors, trucks, and field vehicles for commuting, transporting commodities, and f...
Jul 25 , 2026
Ideally, citizens who have paid income tax all year should not have to reach for thei...
Jul 18 , 2026
Pressed in Parliament on jobs and household incomes, Prime Minister Abiy Ahmed (PhD)...
Jul 11 , 2026
At a market stall, reform arrives without a communique. It comes as a higher transpor...
Jul 4 , 2026
In the goldfields of the Benishangul-Gumuz Regional State, Ethiopia's balance-of-paym...
Loading your updates...