Another key piece of legislation under consideration is an amendment to the Value Added Tax (VAT) proclamation, first introduced in 2002. This week, the House of Peoples’ Representatives held a public consultation meeting to discuss the recently introduced revised VAT bill. The revised VAT bill was introduced to lawmakers shortly after Finance Minister Ahmed Shide presented the budget proposal for the upcoming fiscal year. The focus of the debate was a provision in the draft VAT bill that proposes to include basic services within the VAT regime. “Ethio Telecom is currently laying the groundwork by launching select digital services without commission charges,” he explained.

Source: Ethiopian News June 21, 2024 13:49 UTC