Ethiopia’s Ministry of Finance has issued Directive No. 1006/2024 amending the country’s VAT exemptions. Most goods and services previously exempted will now be subject to VAT, with some exceptions. The directive also specifies a list of goods that remain exempt, including cereals, pulses, agricultural inputs, cooked foods/drinks, capital goods provided by capital lease agreement, and certain health-related items. The directive also clarifies that goods and services exempted by Ministry decisions under international agreements to which Ethiopia is a party will remain exempt.
Source Orbitax
Latest Posts in "Ethiopia"
- Ethiopia Imposes Compulsory VAT on Businesses with Over 2 Million Birr Revenue, New Exceptions Apply
- Ethiopia Expands VAT Registration to Boost Tax Compliance and Revenue Collection
- Ethiopia Imposes VAT on Over-the-Counter Medicines, Enforcing Compliance Among Pharmaceutical Companies
- Ethiopia’s VAT Strategy: Prioritizing Administration Over Rate Increases for Economic Stability
- Study Proposes Extending VAT Withholding to Private Companies to Boost Ethiopia’s Tax Revenue
