The Ministry of Revenues has collected 198.1 billion Br in revenue from taxes during the just ended fiscal year, 2018/19. The revenue has shown a 22 billion Br, or 12pc, increase from the previous year but was short of the 235.7 billion Br target set by the Ministry. From the collected amount of revenue, 120.2 billion Br or 61pc was collected from domestic taxes and 77.7 billion Br or 39pc was collected from customs. “Though the revenue amount cannot be satisfactory as seen from the overall economic development the country is registering,” said Adanch Abebe, minister of Revenues, “the increasing share of domestic revenue from the total is a commendable achievement.” For the current fiscal year, parliament has set a goal for the Ministry to collect 253 billion Br from domestic tax revenue.
January 15 , 2022
Foes and friends of Prime Minister Abiy Ahmed (PhD) agree that his administration is...
January 7 , 2022
There has not been much research to put a number on high costs wars inflict on Africa...
January 1 , 2022
It is a norm to emphasise grand structural changes to address the myriad political pr...
December 25 , 2021
In the words of Herbert Hoover, the 31st president of the United States, it is older...
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...
August 28 , 2021 . By HAWI DADHI
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...
