2merkato

The Ethiopian Revenue and Customs Authority extended the tax deadline for Group ‘C’ taxpayers in Addis Ababa by a week to August 14th.

Group ‘C’ businesses are those businesses which have annual sales less than 100 thousand birr and who are not expected to collect Value Added Tax but pay a gross estimated annual tax amount.  

Meanwhile the deadline Group A taxpayers who are charged with monthly obligations including the collection of VAT on behalf of the tax authority is November 9th and the deadline for Group B businesses is set to the 10th of September.

The top management of the Ethiopian Commodity Exchange, including the Chief Executive, handed over the reins to the new management team under Anteneh Assefa.

The official transfer ceremony was marked when Dr. Eleni and Anteneh rang the bell to start the day’s trading on the commodity market together.

The five members of the top management team handing over their duties include Dr. Eleni Gebemedhin, founding CEO of the exchange, Ahadu Wubishet, (Operations Officer), Bemnet Aschenaki, (Strategic Officer), Solomon Edesso (Information Technology Officer), Sirak Solomon (Compliance Officer).

22 thousand organizations have signed up with the Private Organization Employees social security scheme announced the Private Organization Employees Social Security Agency.

The number of employees registered in the scheme is estimated to be more than 250 thousand according to Tesfaye Gashawe, Director of Public Relations and Communications with the agency.

The POESSA has been able to collect 550 million birr so far he added. The agency has plans to register 152 thousand more employees with the view of growing the fund to 1 billion birr in the new financial year said Tesfaye.

The aviation sector in Ethiopia is showing growth according to all standards announced the Ethiopian Civil Aviation Authority.

Ethiopian civil aviation is at the average standard internationally and amongst the few African countries with a safety record of 200 departures as compared to just 105 three years ago explained Endeshaw Yigezu, Directory of the Air Transport Planning Directorate of the authority.

The authority encourages private investment in the sector by offering a range of privileges in accord with the Investment Code such as duty free import privileges, and priority in various sectors including exploration, tourism, aerial and humanitarian sectors he said.

Private investors however are inhibited by financial constraints and the shortage of comptent aviation personnel noted Endashaw.