House approves newly revised income tax proclamation

Addis Ababa (FBC) –In an urgent meeting it held today, the House of People’s Representatives (HPR) approved the newly revised income tax proclamation.

Accordingly, the House decided the new income tax proclamation to be effective as of Ethiopia’s new budget year (July 1, 2009).

The House also approved the newly revised tax administration and business registration and licensing proclamation.

Moreover, it endorsed the draft proclamations prepared to amend establishment of auditor general office and geothermal resource development.

The House also unanimously approved the appointments of 16 judges for the Federal Supreme Court.

Employment income (Per Month-birr)	Income tax payable
0-585	0%
586-1,650	10%
1,651-3,145	15%
3,146-5,195	20%
5196-7,758	25%
7759-10,833	30%
Over 10,833	35%

Tax payable on rented houses and enterprises

Taxable Income from rental (Per year-birr)	Income tax payable
0-7,000	0%
7001-19, 300	10%
19,301-37,750	15%
37,751-62350	20%
62,35-93, 100	25%
93,101-130,000	30%
Over 130,000	35%