The Ethiopian parliament (House of People's Representatives) approved into law the revised excise tax law with a majority vote, 4 against and 7 abstentions. The approval came after the bill received a revision on the initial draft, further reducing the tax cut on cars and bottled water.
The Ethiopian House of Peoples’ Representatives (HPR), approved draft proclamations on banking, customs, and provisions of compensation for evading fraud during its second urgent session. Prior to approving the proclamations, the House thoroughly discussed the issues brought forward by the respective Standing Committees.
Ethiopia's parliament, the House of People’s Representatives, unanimously approved the Proclamation for the Establishment of a Capital Market. The Proclamation lays the legal ground to proceed in the practical establishment of a capital market in Ethiopia.
The House of People’s Representatives, in its 14th regular session, approved a new proclamation to regulate the petroleum trading system. The legislation was passed with a majority vote, two votes against, and one abstention.
The House of Peoples’ Representatives (HPR) on January 14, 2016, unanimously approved diplomatic and official passport holders’ visa exemption bill with a number of nations, Ethiopian Herald reported.
