Ethiopia Businesses Get Virus Tax Relief at Tadias Magazine

Cleaning staff disinfect a metro carriage as a measure against the spreading of the coronavirus in Addis Ababa, on March 20. (Photographer: Michael Tewelde/AFP via Getty Images)

Bloomberg

By Samuel Gebre

Updated: May 2nd, 2020

Ethiopia Offers Tax Relief for Companies Hurt by Virus Fallout

Ethiopia offered tax relief to companies affected by the fallout from the coronavirus, state television reported, citing the finance minister.

Interest payment and penalties on outstanding taxes due between 2015 and 2018 will be canceled outright and the underlying tax due can be paid in installments, the Ethiopian Broadcasting Corporation reported, citing Eyob Tekalign, the State Minister of Finance. Firms affected by the Covid-19 will also get relief for four-month of income tax.

The government will also grant a one-month grace period on payment of value-added and turnover tax payments. Firms that pay their tax in a lump sum will receive a 10% discount and there will be as much as 20% discount for companies donating to the Covid-19 response, EBC reported.

COVID-19 and Its Impact on African Economies: Q&A with Prof. Lemma Senbet

Webinar on COVID-19 and Mental Health: Interview with Dr. Seble Frehywot

COVID-19: Interview with Dr. Tsion Firew, Ethiopian Doctor on the Frontline in NYC

Ethiopia COVID-19 Response Team: Interview with Mike Endale

Ethio-American Tech Company PhantomALERT Offers Free App to Track & Map COVID-19 Outbreak

‘Your Safety is Our Priority’: How Ethiopian Airlines is Navigating the Global Virus Crisis

Inspiring Amharic Poetry: A Reflection by Shimelis Amare (YouTube)

Getting Through COVID 19: ECMAA Shares Resources With Ethiopian Community

Maryland Issues COVID-19 Fact Sheet in Amharic for Ethiopian Community

Art in the Time of Coronavirus: Guide to Virtual Exhibitions from Ethiopia to U.S.

We Need Seismic Change, Right Now: by Marcus Samuelsson

City Sleeps: A Look At The Empty NYC Streets Amid The Virus – In Pictures