The House of Representatives reviewed a bill proposing changes to the export tax incentive system. While acknowledging the reform's potential benefits, council members raised concerns about the significant tax penalty reduction from 50% to 10%. They urged a thorough investigation by the standing committee to understand the rationale behind this change. The committee was also tasked with exploring alternative incentive options. This follows a detailed study on the current system's effectiveness, highlighting the need for adjustments.

Source: Ethiopian News May 18, 2024 00:32 UTC