Ethiopian Business Portal
WEB2merkato 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
WEBMay 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.
Income Tax (Regulations, Assessment and Payment) in Ethiopia
WEBThe 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.
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Customs Duty, Tariff, Levies and Taxes in Ethiopia - 2merkato
WEBMar 24, 2009 · 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.
Import and Export Procedures in Ethiopia - 2merkato
WEBAug 20, 2013 · TOP. As such, in most circumstances importers should arrange the payment of the imported goods through banks. After the bank permit has been issued by the NBE, the importer then chooses the mode of payment …
Business Income Tax in Ethiopia: Rates, deductions and ... - 2merkato
WEBMar 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 …
Value Added Tax (Registration, Rates, and Exemptions) in
WEBAug 4, 2024 · Imposition and Rate of Tax. VAT is levied at a rate of 15% on taxable supplies made by registered persons, taxable imports, and reverse-charged supplies. However, certain supplies are zero-rated. The VAT payable is calculated by applying the specified rate to the value of the supply or import. The …
Starting a Business in Ethiopia: Information and Frequently
WEBMar 27, 2009 · This way errors and potential losses can be minimized. 2Merkato can serve as a launch pad to start a business in Ethiopia as it attempts to answer frequently asked questions related to starting a business in Ethiopia. A new Commercial Code has been voted into law since 25 March 2021 and the article takes into consideration the new Commercial Code.
Ethiopian PM Launches Electronic Single Window Project - 2merkato
WEBJan 6, 2020 · Ethiopian Prime Minister Abiy Ahmed has officially launched the Ethiopia Electronic Single Window Project. The Project connects 16 regulatory agencies and enables traders to process all documentation relating to import and export through a single electronic submission. By creating a paperless environment, eliminating multiple physical ...