The Addis Abeba City Administration Revenues Bureau reports that its offices collected 31.4 billion Br over the first half of the fiscal year. The figure is 18pc higher than what tax officials had targeted to collect over the period. Direct taxes account for the bulk of the revenues, registering at over 23.7 billion Br while indirect tax collection brought in around 7.2 billion Br. Addis Abeba has over 420,000 registered taxpayers organised into categories based on annual gross revenues and registered capital. Those with a turnover of over 40 million Br are in the "large taxpayers" group. Those with a capital of over one million Birr but revenues of less than 40 million Br are designated category "A" taxpayers. Businesses with less than half a million Birr in capital are "C" taxpayers.
Loading your updates...