Search results
Results from the WOW.Com Content Network
Value Added Tax (VAT) The value-added tax was originally introduced in 1993, only to be abolished 9 years later, at the end of 2002. As of 2003, after the tax reform, Ethiopia imposed a value added tax on all goods produced in the nation and all imported goods and services not exempt; the tax is rated at 15% on every transaction at each stage ...
A value-added tax ( VAT or goods and services tax ( GST ), general consumption tax (GCT) ), is a consumption tax that is levied on the value added at each stage of a product's production and distribution. VAT is similar to, and is often compared with, a sales tax. VAT is an indirect tax because the consumer who ultimately bears the burden of ...
Map of the world showing national-level sales tax / VAT rates as of October 2019. Additional local taxes may apply. [citation needed]A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
Website. www .mor .gov .et. The Ministry of Revenues and Customs Authority ( Amharic: ገቢዎች ሚኒስቴር) is an Ethiopian government department responsible for collecting taxes and customs duties. It was established in 2008 under Proclamation No.916/2008 by reorganizing the former ministry Ministry of Capacity Building.
A turnover tax is similar to VAT, with the difference that it taxes intermediate and possibly capital goods. It is an indirect tax, typically on an ad valorem basis, applicable to a production process or stage. For example, when manufacturing activity is completed, a tax may be charged on some companies. Sales tax occurs when merchandise has ...
A value-added tax identification number or VAT identification number ( VATIN [1]) is an identifier used in many countries, including the countries of the European Union, for value-added tax purposes. In the EU, a VAT identification number can be verified online at the EU's official VIES [2] website. It confirms that the number is currently ...
A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to collectively fund government spending, public expenditures, or as a way to regulate and reduce negative externalities. [1] Tax compliance refers to policy actions and individual ...
The Development Bank of Ethiopia ( DBE) is a specialized state-owned development financial institution, which is supervised by the Public Financial Enterprises Agency in Ethiopia . The Development Bank of Ethiopia was the first development finance institution in Ethiopia and as such it was designed to: " (a) assist in the development of ...