Category: Ethiopian Tax

According to Ethiopian Tax Law capital gains tax is imposed on the income from the disposal of certain investment areas.       The income tax proclamation No. 979/2016 imposes a certain amount of tax on income from a disposal of certain investment areas. Article 59 (1) of the Proclamation, states that a person who derives a gain on the disposal of immovable property, a share, or bond (referred to as a “taxable asset’) is liable to pay an income tax.

Ethiopia tax system and how to assessed tax in Ethiopia .Types of tax in Ethiopia are direct and in direct tax. List of service and product that are exempted from Turn over tax