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ERA to Build Additional Axel Load Control on Trunk Roads in Ethiopia

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Category: Latest Business Alerts

The Ethiopian Roads Authority (ERA) revealed plans to begin constructing three new axle load control on trunk roads and replacing eleven others with new ones in February with the money granted by Japanese government.

Last Updated on 01 December 2015
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ERCA Bid Receives Interest

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Category: ICT and Telecom

The bid put out by the Ethiopian Revenues and Customs Authority has received interest from IT companies, four of which presented financial and technical proposal for evaluation.

The bid is for the installation a single window system for the tax authority comprising of a single access for request and communication of documents required for clearance, for both importers and exporters offering synchronized service by government institutions.

This single window system, if installed by ERCA, will replace the current manual system in the office which is slow.

Last Updated on 14 August 2013
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ERCA Collects 22.2 Billion Birr in Tax

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Category: Latest Business Alerts

The Federal tax structure of Ethiopia has collected 22.2 billion birr in the first quarter according to source with the Ethiopian Revenues and Customs Authority. The revenue raised from federal taxes in the first quarter is higher than the 21.5 billion birr projected by the authority for the reporting period.

The revenue collected at the federal level this quarter makes up 22% of the 101 billion birr that the authority has targeted to collect in the current financial year.

The federal taxation system includes income from customs and duties, domestic taxes and the national lottery system. The national lottery and customs contributed less than anticipated amounts of revenue according to sources.

Last Updated on 14 August 2013
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ERCA Extends Tax Deadline for Group C Taxpayers

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Category: Latest Business Alerts

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.

Last Updated on 14 August 2013
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ERCA Finalized Draft Bill to Amend Tax Laws

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Category: Latest Business Alerts

The Ethiopian Revenue and Customs Authority (ERCA) announced the finalization of a draft amendment for taxation laws.

The final draft is sent to the Ministry of Finance and Economic Development (MoFED) for feedback, according to Mekonnen Ayele, legal advisor with ERCA. The draft amendment bill will amended existing tax proclamation and regulation on various taxes, including Excise Tax, VAT, Turnover Tax, Sur Tax and Income Tax.

Last Updated on 14 August 2013
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