Fifteen companies face charges after being found transacting goods and services without issuing value-added tax (VAT) receipts. The Ministry of Revenues performed its investigation in 18 different businesses, and police took 35 employees of the companies into custody for investigation. “The companies have a legal license but didn’t give a valid receipt to their customers,” says Zemede Tefera, state minister of revenues. The Ministry reported it had lost four billion Birr because of the transactions made by 124 companies using fake receipts, without registering with the Ministry of Trade & Industry or possessing a license. Also in the first quarter of the current fiscal year, the Ministry audited 563 companies and found counterfeit transactions worth 722 million Br.
December 4 , 2021
There is no shortage of literature on why peaceful and non-violent political transiti...
November 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 20 , 2021
Leaders of the warring parties in Ethiopia`s year-old militarised conflict may think...
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Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
November 27 , 2021
Against my will, I have witnessed the most terrible defeat of reason and the most sa...
November 13 , 2021
Plans and reality do not always gel. They rarely do in a fast-moving world. Every act...
October 16 , 2021 . By HAWI DADHI
Residing in a country with no capital market, an organised marketplace for trading se...
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The streets of Addis Abeba are as varied as they are many, although too many of them have yet to be named. From the narrow alleyways of the...
