New ethiopian income tax proclamation. 13952025 - Free download as PDF File (

13952025 - Free download as PDF File (. 979/2016, which gives the Council of Ministers the power to exempt any … Federal Income Tax Proclamation No. The changes took effect on July 7, 2025, with certain provisions—like the local withholding tax—becoming applicable from August 1, 2025. 1395/2025 has been enacted, revising most provisions of Ethiopia’s Federal Income Tax Proclamation No. \TIC REPUBLIC OF ETIlOPlA The Ethiopian Ministry of Finance June 4 issued a proclamation on proposed corporate and individual income tax amendments. Notably Kassahun Follo, President of the Confederation of Ethiopian Trade Unions, previously stated during discussions about the income tax proclamation, “You don’t collect tax from someone who can’t … Ethiopia’s revised Income Tax Proclamation took effect as of July 2025, introducing major changes aimed at improving tax equity, transparency, and digital compliance. The amendment broadens the … Federal Income Tax Proclamation (English version) - Free download as Word Doc (. Interest in Income Tax Interest income is now subject to a 10% final withholding tax (up from 5%). pdf), Text File (. 286/2002 . 979/2016; and b) “Repealed Proclamation” means the Income Tax … Ethiopia tax table changes: New salary tax rates, cash payment limits, and tax return rules take effect in Ethiopia from July 2025. : 1395/2025 Jurisdiction: Federal Law Type: Proclamation Category: Economic and Trade Regulation Country: Ethiopia 🇪🇹 Amends / … Ethiopia has enacted a significant overhaul of its income tax system with the new Amendment Proclamation No. Employment Income Tax Calculator This free tax calculator helps you determine your personal employment income taxes in Ethiopia. These changes introduce significant compliance obligations for businesses operating in or engaging with … The House approved the amended federal income tax proclamation it said has taken into account the economic situation of the country and broadens the tax base with a majority vote. The amendment broadens the … 6/ “Commission” means the Customs Commission established under the Definition of Powers and Duties of the Executive Organs of the Federal Democratic Republic of Ethiopia Proclamation … 13. Share premium (capital gains) from new share … 2/ A delegation made under Article 4 of the Proclamation shall be limited to the collection of the VAT, with all other aspects of the VAT will remain to be the sole responsibility of the Ministry of … The House of Peoples’ Representatives of Ethiopia has approved a new amendment cited as Income tax Proclamation No. 1395/2025 Read more Transitional Provisions 1/ Subject to the Tax Administration Proclamation, the laws here by repealed shall continue to apply for the tax year preceding the tax year in which this … The document appears to be a formal communication from the Federal Democratic Republic of Ethiopia's Ministry of Finance, containing various sections related to financial regulations and guidelines. What’s New? 1. A taxpayer’s taxable rental income for a tax year is the gross amount of income that a taxpayer derives from rental of a building reduced by the total amount of deductions allowed. The proposal includes reduced corporate income … key implications of income tax amendment Proclamation No. The Income Tax Proclamation (Amendment) No. The new Income Tax and Electoral amendments signal a move … The new law forms part of the Ethiopian government’s broader effort to modernise the tax system, expand the tax base, and raise the contribution of tax and customs revenues to 11% of the GDP. : 979/2016 Jurisdiction: Federal Law Type: Proclamation Category: Economic and Trade Regulation Country: Ethiopia 🇪🇹 Amended … “42(1) If a taxpayer has a loss carried forward under Articles 26 - 38 or 46 of the Income Tax Proclamation for more than one tax year, the loss of the earlier year shall be deducted first; … A proposed amendment to Ethiopia’s Income Tax Proclamation is facing growing backlash from civil society groups, tax experts, and salaried workers over the absence of clear … ETHIOPIA TAX UPDATE INTRODUCTION In accordance with article 65(2) of the Federal Income Tax Proclamation No. 'INCOME TAX PROCLAMATION WHEREAS, the Declaration on Economic Policy of the Government of the Federal Democratic Republic of Ethiopia … The new proclamation introduces several changes to income tax regulations, including provisions that directly impact employment relationships. New Ethiopian Salary Calculator to get Salary Income Tax (Payroll), Pension, Cost sharing and Net Pay amount using new Jul 2025 Rates. The amendment broadens the … The amendment introduces substantial changes aimed at modernizing Ethiopia’s tax system, simplifying administrative procedures, improving compliance and revenue collection, and … Ethiopian Federal Laws Go to Laws Index Title: Income Tax Amendment Proclamation No. txt) or read online for free. It includes … PROCLAMATION No. This document outlines the main legislative … Exempt Income (Art.

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