The Ministry of Revenue signed an agreement with five commercial banks to facilitate electronic tax payment system. The Ministry introduced the system to prevent the inconveniences associated with filing and paying taxes as well as improve collection. launched last year, the electronic tax payment system allows taxpayers to declare their revenues and settle their taxes remotely and at their convenience. The venture is also hoped to play its part in avoiding delays and the subsequent penalties associated with late tax payments. The state-owned Commercial Bank of Ethiopia along with Awash, Dashen, Hibret and Berhan was the first to sign up for the electronic system
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