The need to worry very much about the “newly introduced” and little-known tax on premiums in Ethiopia

It is perplexing for me, as a tax lawyer having worked for close to 10 years on Ethiopian tax laws, to see how the investment and finance community in Ethiopia is not worrying enough about the tax on premiums “introduced” recently by the Ministry of Finance. It is perplexing because this “newly introduced” tax is unclear on many fronts, and anyone who has had any engagements with the Ethiopian Tax Authorities knows how the tax administration is beset by the misapplication of even some of the well-articulated tax laws, let alone those with uncertainties.

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