VAT
Since the food VAT was reduced on April 1, 53 complaints have reached Konsumentverket from dissatisfied customers.
Imeripotiwa na AI
Two petitioners from the book industry have asked the Supreme Court to declare the 12 percent value added tax on digital books unconstitutional.
The Ethiopian Revenues Ministry has stated that the Finance Ministry's clarification on VAT adjustments for cash gifts exceeding 50,000 birr in business transactions should not be implemented for now. This comes after the Finance Ministry's statement on Tikimt 27, 2018 E.C., based on Income Tax Proclamation No. 1395/2017, which applies the threshold only to income tax, not VAT. The Revenues Ministry argues that the guidance serves an improperly targeted purpose and requires further discussion.
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Minister of Finance Ahmed Kouchouk has issued two ministerial decrees introducing new facilitations for Value Added Tax (VAT) taxpayers, aiming to strengthen trust and partnership between the government and the business community. The first decree amends executive regulations of the VAT Law, while the second establishes a new accounting framework for contracting and construction agreements. These changes seek to simplify tax procedures and foster a transparent business environment.