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Tax Authority Collects 21.5b Br in H1

February 8 , 2020

Tax Authority Collects 21.5b Br in H1

The Addis Abeba Revenue Authority collected 21.58 billion Br in tax revenue during the first half of this fiscal year. The revenue was collected in direct and non-direct taxes and from municipal taxes. The value is 94.5pc of the Authority's target of 23.8 billion Br. Comparing it with the same period last fiscal year, the revenue shows an increment of 2.6 billion Br or 13.6pc. For the current fiscal year, the Authority aims to collect 37.6 billion Br in taxes. In the past fiscal year, the city's tax authority was able to collect 32.3 billion Br.

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Leather Industry Struggles to Meet Expectations

The struggling leather industry managed a little over 33 million dollars in export earnings over the first 10 months of the financial year. It is less than half of officials' aspirations to generate 69 million dollars over the same period, and highlights the troubles faced by the industry over the past few years. Exports from finished leather goods plunged 72pc last year from three years ago. Only eight finished leather manufacturers accounted for 89pc of last year's export earnings, sh...

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Corporation Calls on Suppliers for 200,000tn Sugar Procurement

Executives of the Ethiopian Sugar Corporation have taken steps to procure 200,000tn of sugar from international suppliers. The Corporation had invited shortlisted companies to submit offers, after an attempt to procure the sugar through an international tender went awry. However, officials at the Ministry of Finance instructed its executives to scrap the invitation and proceed to float a second bid. The shortlisted suppliers have also been invited to take part in the bidding process. T...

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Youth in the National Theatre area are waiting for the bus to start moving. They have found a handle to grab and accelerate them ones its starts moving as they ride their skateboard. Although skateboarding is nearly unheard of in Ethiopia, over the past few years, young people have developed a taste for it. Safety, though, leaves a lot to be desired...

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