House approves newly revised income tax proclamation

House of Representatives

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%

Source: Fana Broadcasting

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