House of Federation to Lead Tax Distribution

Jun 12 , 2021


A proclamation drafted by the House of Federation and approved by parliament last week has concluded that an office under the former is to oversee the government's activities in the distribution of concurrent taxes and subsidies. The proclamation, which has been in the making for over a year, initially planned to establish a federal subsidy and shared revenues commission that would in charge of concurrent tax and subsidy distribution. As stated in the Constitution, the federal and regional state governments are permitted to concurrently levy and collect taxes from enterprises they own jointly. This applies to personal income taxes on employees working in these same enterprises among others. Despite this, there has not been a legal framework that clearly defines how the process is to be carried out. The proclamation thus aims to bring about a transparent and fair distribution system.


Radar

Ministry Ponders Tax Waivers for Rural Energy Solutions

Tax exemptions for off-grid energy technologies like solar pumps and mini-grids are under discussion, spearheaded by the Ministry of Water & Energy. Commonly used by rural households, officials disclose their simultaneous plan to develop 300 mini-grids in the next six years. According to Birhanu Weldu, the lead executive of rural energy technology development, the initiative tackles the country's low electrification rate and reliance on charcoal and firewood. Charcoal, fuel wood, and...


Radar

Rural Land Proclamation Comes to Light

A landmark legislation that grants title holders in rural areas the right to use the property as collateral was unanimously ratified by Parliament last week. It primarily focuses on extending access to finance for farmers and pastoralists, through a structured land title system. It also introduces criminal penalties for the illegal transfer of property. Replacing the 18-year-old proclamation for rural land management, the law sentences individuals engaging in land invasions and unauthoris...


Radar

Ethiopian Unveils $50m Domestic Terminal Renovation

With a rising demand for domestic travel, Ethiopian Airlines has renovated its terminal at Addis Abeba Bole International Airport with 50 million dollars to handle customers. The expanded terminal has doubled its previous size to 25,750Sqm and accommodates 200 daily flights to and from 22 domestic destinations. It includes four contact gates, 10 remote departure gates, 22 check-in counters with automated baggage screening systems, shops and restaurants. The terminal also features a dedica...


Back
WhatsApp
Telegram
Email