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New Income tax on salary introduced

Ethiopia has introduced a new income tax on salary. Officials from the finance and economy ministry said the new tax rate takes into account the varying income levels of the tax payers. 

 The Ministry of Finance and Economic Cooperation (MoFEC) has announced today the newly amended draft income tax proclamation.

The newly amended proclamation reduced the taxation of income from employees and took into account the earnings of the society, said Wasihun Abate, Legal Service Director at MoFEC.

Discussion on the proclamation will be held on Thursday and Friday with the business community, foreign companies and professional associations, he said.

The new proclamation will be effective as of July 1, 2008 EC after it is approved by the House of People’s Representatives.

 

 

Source: FBC 


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  • TRIT MOHAMMED OMAR Added IF WE STARTED WITH 0-----600 THE PROGRESSIVE TAX SYSTEM AS FOLLOWS
    0----- 600 threshold Deduction fee 0.00
    601--------2,600 10% 60.00
    2,601-- ---5,600 15% 190.00
    5,601-----9,400 20% 470.00
    9,401-----14,200 25% 940.00
    14,201----20,000 30% 1,650
    over 20,000 35% 2,650 THEREFORE TAX BRACKET OF 2016 G.C ARE SIMILAR TO THIS ?
  • TRIT MOHAMMED OMAR Added 0--375 threshold 0
    376--1,62A 10% 37.5
    1,62B--3,50C 15% 118.75
    3,50D--5,87E 20% 293.75
    5,87F--8,87G 25% 586.5
    8,87H--12,50K 30% 1,031.25
    Over 12,50K 35% 1,656.25
    THIS IS PROGRESSIVE TAXATION SYSTEM
  • Trit Mohammed Added my Email : mtrit340@gmail.com
  • Trit Mohammed Added As we related to shifera shuhute biography Aster Mamo
    Demeke Mokanane
    Mukitar Kadir
    Bareket Simone
    // Remove
    // New
    // septem 2016
  • Trit Mohammed Omar Added To day we writing a letter from Ethiopia Civil Services University as we agree against the amended Tax proclamation of 2016 G.C. THEN after we don't Cary for any risk
  • tRIT mOHAMMED Added As the income tax proclamation related with me we are a Tax Law.
  • TRIT MOHAMMED Added (By Ethio Time Ethiopian national team forword. Related with Trit Mohammed we are understood.
    But we say that misunderstood why not?
  • Trit Mohammed Added As we can say the this articles refuted some of the concept of cannon of taxation.
    Ethiopia government say that the man contrary to the above statement is the man actual lived with mMohammed der prophet may peaces on him in his life and death.
  • Trit Mohammed Added OPDO: Neither the causes Nor the solution for the politics ok
  • Trit Mohammed Added OPDO is neither causes not a solution for politics

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