“The monetary policy framework of the National Bank of Ethiopia details the monetary policy objectives, the targeting framework, the instruments of monetary policy, and legal & institutional framework of the monetary policy decision-making structure. It also contains the exchange rate regime of the country”.

This proclamation is to facilitate “safety, soundness and stability of the banking system by having a comprehensive law for the licensing and supervision of the banking business”.

***document in Amharic language.

***document in Amharic language.

The import and export atmosphere in Ethiopia has been made complex due to the presence of many rules. The situation is worsened by the uncoordinated nature of these rules and the lack of awareness among the stakeholders involved in Ethiopia’s trade sector. This guide is therefore targeted at importers and exporters to raise awareness levels on the customs procedures guiding international trade in Ethiopia. “This is in line with the commitment of the Ethiopian Revenues and Customs Authority (ERCA), the government agency responsible for administering customs in Ethiopia, to ensure transparent, reliable and predictable customs services.”

The Proclamation applies to residents of Ethiopia concerning their worldwide income, and non-residents concerning their Ethiopian source income. The proclamation recognises 3 categories of taxpayers; category A taxpayers are bodies or individuals having an annual gross income of Birr 1,000,000 or more; category B taxpayers are individuals, other than bodies, having an annual gross income of Birr 500,000 or more but less than 1,000,000; while category C taxpayer is individuals other than bodies, having an annual gross income of less than Birr 500,000.

This represents a series of pertinent and practical questions that might tend to arise with regards to the value-added tax (VAT) laws. It contains the FAQs on VAT laws.

These are regulations issued under the value-added tax proclamation. It addresses in a detailed fashion, the supply or goods and rendition of services, taxable activities, tax on imports, registration procedures, tax exemptions, and seizure of properties, among other provisions.

“Unless exempted under Article 7 of this Proclamation or directives to be issued moving forward, Turnover Tax shall be payable on goods supplied and services rendered by persons not registered for Value Added Tax. The Turnover Tax is placed at 2% on Goods sold locally and Services rendered locally; 2% on Contractors, grain mills, tractors and combine-harvesters; and 10% on others”.

A proclamation to amend the turnover tax proclamation of 2002, as deemed a matter of necessity.

This represents the council of ministers’ regulations on the financial administration of the federal government. It details the financial responsibilities of the ministers of finance, economic development and cooperation, heads of public bodies, and internal audits. It also addresses other administrative responsibilities, including; budget estimates preparation, submission and approval, and public investment program preparation, submission, and approval.

The Proclamation applies to all public bodies, whereas the Council of Ministers is charged with time to time issuance of the list of public bodies to be governed by this Proclamation. The proclamation sets out the responsibilities of the minister of finance and economic development, heads of public bodies, and internal audit; the collection and deposition of public money; remissions, wire-offs, fees; all issues regarding budgeting; disbursement of public funds, and management of unspent funds. These, and other provisions contained therein, is to ensure efficient administration of public finance.

The proclamation amends the stamp duty proclamation of 1998, as a matter of necessity.

A proclamation to amend the federal government of Ethiopia financial administration proclamation of 2010