Ethiopian Business Portal
2merkato provides business information for investors, suppliers, buyers, traders who are engaged or want to engage in business activities in Ethiopia.
Business Registration and Licensing Procedures in Ethiopia
May 19, 2011 · DOWNLOAD. By virtue of the Proclamation, a person is required to obtain a business license in order to conduct a business. And to obtain a business license, a person should first register within the central register and trade name register. The procedures of commercial registration, trade registration and business licensing are discussed below.
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Customs Duty, Tariff, Levies and Taxes in Ethiopia - 2merkato
TOP. 2. Customs Duty and Tariff Rates. Duty on goods imported into the customs territory is paid at the rates specified by the Customs Tariff Regulation. Accordingly, there are six duty tax rates (0%, 5%, 10%, 20%, 30%, and 35%) that are applicable based on the type of the good imported.
Income Tax (Regulations, Assessment and Payment) in Ethiopia
Apr 30, 2008 · The payment of the tax should also be effected when such period is due. In a different manner importers under Schedule “C” are required to make an advance payment of business income tax equal to 3% of the CIF value of the goods. The payment should be effected before the imported goods are released from customs control.
Business News - www.2merkato.com
Published on 03 October 2024. Category: Latest Business Alerts. The Ministry of Urban and Infrastructure has unveiled a smart city initiative aimed at transforming 275 towns across Ethiopia into smart cities by 2024/2025. The plan seeks to modernize urban services, improve living standards, and drive the country's urban development forward.
Withholding Tax in Ethiopia: Rates, Withholding agent - 2merkato
Apr 30, 2008 · Here, it is important to note that the 2% tax rate is increased to 30%, where the supplier in a transaction has failed to provide their TIN to the withholding agent. This 30% withholding tax is a final tax on the income derived by the supplier from the supply; and may not be waivered by either a Directive or administrative decision. TOP.
Business Income Tax in Ethiopia: Rates, deductions and ... - 2merkato
Mar 9, 2009 · As per the Proclamation, the tax rates are as follows: Taxable business income of bodies (e.g., PLC, Share Company) is taxable at the rate 30%; Taxable business income of other taxpayers (individuals and Micro Enterprises) is taxed in accordance with the following Table: No. Taxable Business Income /Per Year/. Tax Rate (%) Deduction in Birr. 01.
sportation Business of Non-residents1/ A non-resident conducting an international air transportation business shall pay business income tax at the rate of 3% of the gross amount derived by the non-resident for the carriage of passengers, livestock, mail, merchandise, or goods embarked or loaded in Ethiopia and d.
Regulations of Commercial Registration and Business ... - 2merkato
Jul 12, 2008 · Commercial Registration and Licensing (Amendment) Regulation No. 461/2020. DOWNLOAD. Highlights on the Regulation of Commercial Registration and Business Licensing in particular the Commercial Registration and Business Licensing in Ethiopia 480/2016 and its amendment 1150/2019 (herein after "the Proclamation") are presented below.