Ministry opens tax support office at Eastern Industrial Park

The Ministry of Revenues has opened an office at the Eastern Industrial Park to deliver efficient and transparent tax services to manufacturers.

The Ministry of Revenues opened the office today at the Eastern Industrial Park in Addis Ababa. State Minister Meskerem Debebe said the facility is intended to provide support and monitoring rather than enforcement. She added that the country attracted 13 billion dollars in foreign investment in the current budget year, drawing many manufacturers into operations.

Shi Yang, deputy general manager of the Eastern Industrial Park, noted that the office’s proximity will improve manufacturers’ productivity. The office will also build legal awareness to help investors comply with regulations.

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Prime Minister Abiy Ahmed inaugurates the 4th Ethiopia Tamar Expo amid cheers, highlighting $10B export record.
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Prime Minister Abiy inaugurates fourth Ethiopia Tamar expo

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Prime Minister Abiy Ahmed (Dr.) inaugurated the fourth Ethiopia Tamar expo today. He stated Ethiopia achieved $10 billion in export revenue for the first time in history this year. Industry Minister Melaku Alebel said the manufacturing sector is the center of national sovereignty.

Ethiopia's Ministry of Finance has approved income tax exemptions for investors registered in free trade zones who supply inputs and products to the domestic market. The measure seeks to address challenges hindering industrial growth.

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Addis Ababa, Miyazya 7, 2018 (EFM C) Prime Minister Dr. Abiy Ahmed stated that Ethiopia's aspiration is to become a manufacturing center. During a visit to IBCSI guided by the 'Yalualawinet Lib' idea, he directed industrial parks to prioritize quality over quantity.

The Ministry of Investment and Foreign Trade has launched a promotional and awareness campaign highlighting investment zones under Investment Law No. 72 of 2017. The three-month initiative aims to inform businesses of their advantages and performance, including EGP 66.3bn in attracted investments and over 77,500 jobs created.

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Egypt's Ministry of Finance is ramping up engagement with international investors to showcase its vision for tackling economic challenges and sustaining growth. Finance Minister Ahmed Kouchouk said the government has taken a rapid, proactive approach welcomed by global investors.

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