|
The revenues sector institutes, the Federal Inland
Revenue and the Ethiopian Customs Authorities, as
well as the National Lottery Administration, have
collectively amassed a 14.19 billion Br net revenue
from tax and non-tax sources, customs tariffs and
lottery sales over the nine months of the current
fiscal year, according to the Ministry of Revenues’
(MoR) press release sent to Fortune.
The institutes have collected 93.99pc of the 15.10
billion Br set for them to collect in the nine
months. The plan for this year was to perform more
than that of last year’s same period by 48.53pc but
the actual performance turned out to be 39.60pc. The
nine month’s revenue represents 69.59pc of the total
amount envisaged to be collected throughout the
year.
The Ethiopian Customs Authority takes the lion’s
share of the collected revenue, accounting for
58.29pc, followed by the Federal Inland Revenue
Authority’s 41.57pc and the least, 0.14pc, came from
the National Lottery Administration.
The statement attributes failure to meet the goal
mainly to the elevated amount of commodities
imported without tariff, on duty-free rights and the
delay on the implementation of the reformed customs
rate.
The duty-free rights allow Ethiopians abroad,
Ethiopians of foreign origin and foreign nationals
to import commodities, including automobiles for
personal use, if they have practically invested on
fixed assets up to one million Br of the money they
brought from abroad. The MoR later reformed the
duty-free rights directive in December 2007
requiring the practical investment on fixed assets
to be five million Br or more if eligible
individuals have to claim their duty-free
rights.
The institutes are expected to collect 20.40 billion
Br from tax and customs tariff this fiscal year.
|
