- Ethiopia’s Council of Ministers issued Regulation No. 586/2026, introducing new tax and customs incentives to boost investment in strategic sectors.
- Incentives include reduced income tax rates, exemptions from various taxes, and capital allowances for Special Economic Zones, startups, environmental initiatives, and public listings.
- The regulation targets sectors such as agriculture, manufacturing, technology, mining, energy, services, and environmental protection.
- Incentives are performance-based, time-bound, non-transferable (with exceptions), and revocable for legal violations.
- Specific benefits include reduced tax rates and exemptions for SEZ developers, startups, environmental projects, public listings, and scientific research, with detailed eligibility and compliance requirements.
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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