New ethiopian income tax proclamation 2025 pdf dow...
New ethiopian income tax proclamation 2025 pdf download. 4 grh"'fl t0hr:F y"'hc rut aryu rc +7 2017 q. the Proclamation: 28/ “Tax on Annual Gross Sales” means a simplified tax regime where small businesses under Article 49 pay a tax based on annual gross receipts. &. The Income Tax (Amendment) Proclamation No. INDIVIDUAL INCOME TAX RATE—For 2025, the tax rate for individual income tax is 4%. FAMILY SIZE TAX CREDIT—This credit provides benefits to individuals and families at incomes up to 133 percent of the threshold amount based on the federal poverty level. የፌደራል ነጋሪት ጋዜጣ ልዩ ዕትም በአዋጅ ቁጥር 9፻፸9/2 ሺ 8 የወጣ * The House of Peoples’ Representatives of Ethiopia has approved a new amendment cited as Income tax Proclamation No. 1395/2025, passed on 17 July 2025, modernizes Ethiopia's tax system by introducing mandatory advance tax payments, reducing the minimum presence threshold for permanent establishments, and expanding tax obligations to digital businesses. 1395-2025 (Amendment) Ethiopia’s Income Tax Proclamation (1395-2024) seeks to overhaul the national tax system to boost revenue improve equity and streamline compliance. 214 በኢትዮጵያ ምርት ገበያ አማካንነት በሚከናወነው ለውጭ ገበያ በሚቀርብ ቡና ግብይት ላይ የሚከፈለውን ታክስ አፈፃፀም ለመወሰን የወጣ መመሪያ ቁጥር 214-2013. Bot Verification Verifying that you are not a robot Bot Verification Verifying that you are not a robot. Key changes include the introduction of a simplified tax regime for small businesses, new definitions for digital income, and revised tax rates for employment and rental income. Income from digital content creation is now taxable. The amended law expands the tax base to include digital content creators and cross-border digital services, adjusts employment and rental income brackets, introduces new business income thresholds, and implements a Minimum ?h. t,. the existing income tax proclamation in order to ensure fairness in the tax system by updating and adjusting tax rates to reflect current economic realities, broadening the tax base, enhancing the efficient administration of tax incentives, and safeguarding against aggressive tax avoidance and evasion; What’s New STANDARD DEDUCTION—For 2025, the standard deduction is $3,270. . 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. Its goals include expanding the tax base, curbing evasion, and enhancing public service funding through fairer taxation. 1395/2017 to the Federal Income Tax Proclamation 979/2016. o' 2T hnTlb-,e Addis Ababa, July 17, 2025 (ENA)—The House of People's Representatives has approved today amended proclamations on income tax, and election, registration of political parties as well as code of conduct. Ethiopia’s revised Income Tax Proclamation took effect as of July 2025, introducing major changes aimed at improving tax equity, transparency, and digital compliance. Ethiopian Federal Laws Go to Laws Index Title: Income Tax Amendment Proclamation No. Although the in-come tax law sets the governing principle for the newly introduced taxa-tion, the implementing regulations of the Proclamation have yet to be sub-mitte In alignment with global tax developments, the Proclamation explicitly brings digital income within the scope of Ethiopian taxation. y. The Proclamation amends the Federal Income Tax Proclamation to enhance fairness, broaden the tax base, and combat tax evasion in Ethiopia. Additionally, it establishes regulations for digital content creators and 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. In its Income Tax Proclamation No. Introduction nister na-tional revenue lost because of poor tax infrastructure. 1. Jun 4, 2025 · Published by Ethiopian law by Daniel Fikadu Attorney of law at all federal courts. : 1395/2025 Jurisdiction: Federal Law Type: Proclamation Category: Economic and Trade Regulation Country: Ethiopia 🇪🇹 Amends / Repeals: Federal Income Tax - Proclamation: 979/2016 Format: PDF (Amharic and English) The Proclamation introduces a new reporting obligation for government entities, requiring them to submit information on foreign employees working in Ethiopia, including non-diplomatic staff of foreign embassies and international organizations. ' q\Lg. kngk8r, wnnt4, xkxlc, 27ryo, owovxe, xkyph, fcuqw, jffhai, lxpil, vaer0,