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Directive to Provide for the Application of Tax Incentives for Expansion/Upgrading of Investment No. 941/2023.

Pays/Territoire
Éthiopie
Type du document
Règlement
Date
2023
Source
FAO, FAOLEX
Sujet
Général
Mot clé
Responsabilité/indemnisation Commerce/industrie/sociétés Subvention/incitation Taxe/impôt Commerce intérieur
Aire géographique
Afrique, Afrique Orientale, Nations en développement sans littoral, Pays les moins avances, Sahel
Résumé

The Directive provides for the application of tax incentives for expansion/upgrading of investment. An investor engaged in expanding the production and service rendering capacity of the existing enterprise and an investor who increases in variety or volume by at least 100% by introducing new production or service rendering line of an existing enterprise shall be beneficiary of an income tax exemption. The Directive also establishes conditions for being beneficiary: a) submit evidence showing that the enterprise has been engaged in production or service rendering activities for a certain period of time; b) submit financial statement certified by an external auditor showing the capital invested to modernize the production process, to introduce new technology or to increase the production or service type; c) submit financial statement certified by an external auditor showing the volume of production or service rendered within a year after the completion of the upgrading; d) if it has been granted tax exemption that it has fulfilled privilege; submit evidence showing its obligations exemption period in accordance to tax laws. Section 3 contains criteria for exemption from customs duties. Also liability is disciplined.

Texte intégral
Amharique/Anglais
Site web
www.investethiopia.gov.et

Références - Législation

Implemente

Investment Proclamation No. 1180/2020.

Législation | Éthiopie | 2020

Mot clé: Développement agricole, Commerce/industrie/sociétés, Commerce intérieur, Partenariats public-privé (PPP), Institution, Régime foncier, Propriété étrangère

Source: FAO, FAOLEX