Most of the tax incentive has been going to investors in the manufacturing sector to import capital goods such as, machines duty free. Even though Ethiopia’s duty free import incentive to such investors has been growing annually, the export revenue of the country has been declining. In the past six months the country has collected a total of 98.67 billion birr (around $3.6 billion), achieving 80% of its target for the period. The plan of the Ministry was to collect 112.18 billion birr ($4 billion). Compared to last year same period, the income of the tax income of country has increased by 7.86 billion birr ($282 million).

Source: News Business Ethiopia January 29, 2019 15:42 UTC