Ethiopia MOF Issues Proclamation on Proposed Corporate, Individual Income Tax Amendments

The Ethiopian Ministry of Finance June 4 issued a proclamation on proposed corporate and individual income tax amendments. The proclamation includes measures to: 1) introduce the taxpayer tiers of Category A, for companies and individuals with annual gross income of at least 2 million Ethiopian birrs (US$14,771), and Category B, for individuals with annual gross income under that amount; 2) recognize as taxable the provision of specified services, including consulting and certain technical services carried out in Ethiopia more than 91 days in a year; 3) set a 30 percent flat tax rate for companies on rental and business income, ...