The Ethiopian Revenue and Customs Authority is to launch a new system to control under invoicing for imported products.
A new computer program designed by Indian tech firm, The Center for Development of Advance Computing, is expected to transform the way the tax authority assesses tax according to sources.
The new system will set prices for imported goods on the basis of transaction costs which will be a better alternative to the not so successfully program currently being used by ERCA to avoid under invoicing. The pilot for the new system will be launched this month according to ERCA officials.