High effective tax rates on low-income earners in Ethiopia’s personal income tax (PIT) system...

Ethiopia has been ranked as the least attractive country for mining investment in the...

The business community, particularly large taxpayers, has expressed concerns regarding the implementation of the newly enacted income tax proclamation. The Ministry of Finance recently announced that the amended income tax law took effect at the beginning of the current budget year on July 8. However, taxpayers who spoke to Capital reported that tax authorities are insisting they file their profit tax declarations under the new proclamation, which aims to increase government revenue. Level A taxpayers—those in the highest tax bracket—reported that when they approached the tax authority to declare their profit tax for the previous budget year (which ended on July 7), their filings were rejected. “They informed us that our tax liability must now be calculated under the new proclamation, effective July 8. However, we believe this should apply only to the current budget year, not...

Mounting tax burdens and Ethiopia's worsening economic downturn are driving a wave of layoffs...

The rhythms of Ethiopia’s creative pulse beat loud in its music, films, fashion, and...

In the 21st century, amid astonishing advances in technology, communication, and a professed global consciousness, the unfolding starvation crisis...

As Ethiopia stands at yet another dangerous crossroads, the specter of renewed war between the federal government and the...

As Africa’s economies strive to recover and grow following a series of unprecedented global shocks, the continent finds itself...

In today’s rapidly unraveling global system, two forces—crony capitalism and the so-called “deep state”—have forged what can only be...