Ministry Embarks on E-tax Services

Jan 16 , 2024


[ssba-buttons]

A massive expansion of e-tax system was announced by the Ministry of Revenues last week, as part of an ongoing effort to digitise the entire services provided across tax bureaus. Late and advance payments, partial document filing and audit findings within the Ministry's purview will be given through the digital platform. The Ministry gave a month-long window for taxpayers to submit their list of employees, contact addresses and other relevant information to their designated tax offices. A  simultaneous digitisation campaign at the Ministry of Regional Trade & Integration comes live, as import-export permits are provided through the e-trade system as of two weeks ago. Fayda, the national digital ID project that received a 350 million dollar boost from the World Bank last month, will be integrated into most government services in the next two years.


Radar

State-Owned Enterprises Deliver, But Fund Seeks More from Underperformers

Ethiopian Investment Holdings (EIH), the country's sovereign wealth fund, closed its annual performance review with a mix of strong gains and lingering concerns across its portfolio of state-owned enterprises. Ethiopian Shipping & Logistics led the year with 4.5 million tons of cargo, driving revenues up 90pc and doubling pre-tax profit. Sugar production from Wonji Shoa, Metehara, and Fincha climbed 34.8pc to 163,290 tons, nearly doubling revenues to 15.6 billion Br, though EIH flagged ch...


Radar

MIDROC Cocoa Drive, Local Production Focus on Value Addition

MIDROC Investment Group is placing a bold wager on cocoa in the lowlands of Sheka. Building on extensive trials at the Bebeka Coffee State Farm, the company has introduced globally prized Forastero, Trinitario, and Criollo varieties alongside coffee. "The results are astonishing," said General Manager Beshada Worku, pointing to international prices that range from 8,200 to 14,000 dollars a ton. The project's first phase covers 50 hectares, with 44,000 seedlings already planted. Expansion to ...


Radar

Bureau Maps Out 1,700 Land Rights in a Month

The Rights Registration & Holding Service Directorate under the Bureau of Land Development & Administration prepared over 1,700 landholding certification maps in a single month. The update came during the bureau's July performance review, which measured progress against the upcoming fiscal year's targets. Director Tesfamichael Endale said efforts are being scaled up to give farmers secure land rights and quicker certification. Deputy Head WendwossenBanjaw added that the priority ahead...