The government of Ethiopia has collected 83 billion (close to $3 billion) in the first five months of starting July 8, 2018. The Ethiopia’s Ministry of Revenue report shows that the 83 billion birr was collected from July 8, 2018 – December 7, 2018. After conducting through investigations on tax fraud, recently the Ministry of Revenue of Ethiopia has revealed 120 companies established with fake IDs. During the budget year (July 8, 2016 – July 7, 2017), Ethiopia has collected a total revenue of 135.53 billion birr (around $ 6 billion at the then exchange rate). The share of tax revenue amounted to only 13.3 percent of the GDP.

Source: Ethiopian News January 01, 2019 14:15 UTC