The Ministry of Finance has lifted the proposed five percent excise tax imposed on telecommunication services. The tax was lifted after the parliament called on the Ministry to hold a discussion with executives from Ethio telecom and decide on the removal of the tax.
The Tax Directorate of the Ministry has already amended the bill and tabled it to State Minister for Finance Eyob Tekalign (PhD) for final approval before it is sent to the parliament for legislation.
The draft excise tax proclamation, which has been tabled to the parliament a few weeks ago, proposed for the first time to add excise taxation on telecommunication services.
PUBLISHED ON
Feb 05,2020 [ VOL
20 , NO
1032]
Radar | Nov 11,2023
Radar | Feb 15,2020
Fortune News | Aug 08,2020
Radar | Jan 23,2021
Fortune News | Jul 02,2022
Fortune News | Jun 15,2019
Fortune News | Apr 20,2024
Fortune News | Jun 26,2021
Fortune News | Jun 27,2020
Feb 24 , 2024 . By MUNIR SHEMSU
Abel Yeshitila, a real estate developer with a 12-year track record, finds himself unable to sell homes in his latest venture. Despite slash...
Feb 10 , 2024 . By MUNIR SHEMSU
In his last week's address to Parliament, Prime Minister Abiy Ahmed (PhD) painted a picture of an economy...
Jan 7 , 2024
In the realm of international finance and diplomacy, few cities hold the distinction that Addis Abeba doe...
Sep 30 , 2023 . By AKSAH ITALO
On a chilly morning outside Ke'Geberew Market, Yeshi Chane, a 35-year-old mother cradling her seven-month-old baby, stands amidst the throng...
Apr 20 , 2024
In a departure from its traditionally opaque practices, the National Bank of Ethiopia...
Apr 13 , 2024
In the hushed corridors of the legislative house on Lorenzo Te'azaz Road (Arat Kilo)...
Apr 6 , 2024
In a rather unsettling turn of events, the state-owned Commercial Bank of Ethiopia (C...
Mar 30 , 2024
Ethiopian authorities find themselves at a crossroads in the shadow of a global econo...