Monthly Archives: April, 2020

The Revised Investment Law

The Revised Investment Law Investment is, without doubt, one of the primary engines of growth in all economies. The challenge for many countries, particularly low-income economies, however, is how to attract quality investment in sufficient quantity. Ideally, the most viable and sustainable option is to rely on domestic investment and the domestic private sector to…

Moveable Assets as Collaterals

Movable Property Security Right Proclamation No. 1147/2019 As part of the Ethiopian government’s initiative to ease the difficulty of doing business in the country, the government has passed new Secured Transactions Law referred to as – Movable Property Security Right Proclamation No. 1147/2019. This bill, which has been in effect since August 7, 2019, entails that…

Trading Across Borders

Deferral of Payment System was launched in 2018 saving 8hrs on border compliance time The Custom Commission has fully implemented a deferral of payment system for imported shipments. Prior to this reform there was huge congestion at ports with more than 10,000 containers being held back for more than 2 years and subsequently leading to…

Getting Construction Permit

Cost to get construction permit has been reduced by 105,000 ETB 90% of the cost to get construction permit for medium to low risk level construction has been reduced, by eliminating 5 previously required procedures- Imagine saving 105,000 ETB. Only 14 days required to get your construction permit The process of obtaining a construction permit has been shortened…

Tax Payment Reforms

Ministry of Revenue has introduced reforms to previous tax payment procedures and protocols keeping in mind customer convenience, administration ease and creating a transparent and digital form of record keeping. The reform focuses on three areas. The reforms include changing the frequency of VAT reporting period for small and medium taxpayers, reducing the VAT refund…