Ethiopia has not much financial package to offer to its business community affected by the Coronavirus situation. Government is attempting make tax a little easier by introducing economic stimulus packageborkenaApril 28,2020As is the case with the rest of Africa, if not the world, Ethiopia’s economy is severely impacted by the Coronavirus disease. The Council of Minister had an emergency meeting on Tuesday to pass a decision on the draft economic stimulus package. Moreover, they are given a one-month extension to declare, pay value-added tax, and turnover tax. Employers who are unable to pay pension contributions to their employers due to the economic slowdown could pay starting from July 8, 2020.

Source: Ethiopian News April 29, 2020 03:33 UTC