Withholding Tax Proclamation In Ethiopia Pdf Best May 2026

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2. Ministry of Revenues (MoR) Website

• URL: mofed.gov.et or myrevenue.gov.et
• Why it’s best: The official source for tax directives and sometimes the proclamation itself. Look under “Resources” → “Tax Laws.”

Services: Must be withheld if the payment is ETB 10,000 or more. withholding tax proclamation in ethiopia pdf best

To combat tax evasion and ensure a baseline contribution, the 2025 amendment introduced a Minimum Alternative Tax of 2.5% on annual turnover. This applies if a taxpayer's declared business income tax falls below this 2.5% threshold. Notably, this tax can be credited against future liabilities for up to five years. Strategic Implications for Compliance I understand you're looking for the best PDF

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Digital Services Tax (DST): A new tax at a rate not exceeding 5% applies to both resident and non-resident digital service providers. 5. Compliance and Responsibilities

1. Improved tax compliance: Withholding tax helps to ensure that taxes are collected from individuals and businesses at the source of income, reducing the likelihood of tax evasion.
2. Increased revenue: Withholding tax generates significant revenue for the government, which can be used to fund public goods and services.
3. Reduced administrative burden: Withholding tax simplifies the tax compliance process for taxpayers, as they do not have to make separate tax payments to the ERA.