| Sector | 2018 | 2019 | 2020 | 2021 up to June |
|---|---|---|---|---|
| Textiles and apparel | 114,417,000 | 211,092,000 | 222,215,000 | 120,221,000 |
| Footwear | 34,619,000 | 23,403,000 | 11,081,000 | 844,000 |
| Miscellaneous manufactures | 1,664,000 | 2,226,000 | 2,463,000 | 1,502,000 |
| Agricultural products | 3,361,000 | 3,346,000 | 2,287,000 | 3,090,000 |
| Chemicals and related products | 10,000 | 17,000 | 3,000 | 16,000 |
| Forest products | 79,000 | - | - | 27,000 |
| Energy-related products | - | - | - | - |
| Minerals and metals | 20,000 | - | - | 25,000 |
| Machinery | - | - | - | - |
| Transportation equipment | - | - | - | - |
| Electronic products | - | - | - | - |
| Special provisions | - | - | - | - |
| All Sectors | 154,171,000 | 240,084,000 | 238,050,000 | 125,726,000 |
| Sector | 2018 | 2019 | 2020 | 2021 up to June |
|---|---|---|---|---|
| Textiles and apparel | 390,957,000 | 453,074,000 | 382,943,000 | 199,614,000 |
| Agricultural products | 72,817,000 | 56,802,000 | 43,648,000 | 26,612,000 |
| Miscellaneous manufactures | 2,221,000 | 2,086,000 | 2,050,000 | 1,746,000 |
| Footwear | 108,000 | 172,000 | 596,000 | 309,000 |
| Forest products | 115,000 | 198,000 | 85,000 | 131,000 |
| Chemicals and related products | 103,000 | 29,000 | 24,000 | 43,000 |
| Electronic products | - | - | 5,000 | - |
| Minerals and metals | 42,000 | 8,000 | 2,000 | 2,000 |
| Energy-related products | - | - | - | - |
| Machinery | - | - | - | - |
| Transportation equipment | - | - | - | - |
| Special provisions | - | - | - | - |
| All Sectors | 466,363,000 | 512,370,000 | 429,355,000 | 228,458,000 |
High fuel prices plus a need to shift to green economy equals incentives for electric cars. The recent circular issued by the Ministry of Finance dated September 13, 2022 related to tax incentives for electric vehicles is one important intervention to improve the Ethiopian auto industry.
As per the circular, imports of electric car is exempted from excise tax, value-added tax and sur tax. However, th ......
In Ethiopia securing forex to pay for your foreign purchases is not that easy. As the country's forex earning registers a slow growth while demands for imports are on the rise, it is understandable that the National Bank of Ethiopia is in a difficult situations to meet the forex needs of the business community.
NBE has been taking different measures to address the issue. One good example is its "Exter ......
Many international travelers do not travel empty handed. Some carry luggage full of items from clothes, to medicines to personal care items, and electronic gadgets. Others even bring big-size items like beds and closets and sofa and kitchen stoves and refrigerators. For customs purpose, personal effects which can be used for the daily usage of the traveler can be imported duty-free. Others not.
A recent directi ......
In the global tax policy discussions dividend tax is usually criticised to result in double taxation of the same income. Dividend tax is one of the income taxes imposed in Ethiopia. As an incentive, in Directive No. 7/2011 EC it is cleearly stated that shareholders will not be required to pay dividend tax if they reinvested the dividend to increase the capital of their company. This benefit is available if the reinvestment is made within 12 month after the end of its fisc ......
The Council of Ministers has enacted two important regulations: Customs Regulation and Investment Incentives Regulation. The customs Regulation No 518/2022 is enacted as an attendant text to the Customs Proclamation.
Likewise, the Investment Incentive Regulation No. 517/2022 provided for tax holiday incentives available to different investment sectors. The incentive also depends on the location of the investme ......
