17 January 2013

Ethiopia: Tax Authorities to Explain Demand On Dividend Tax, in Retrospect

Senior officials from the Ethiopian Revenues & Customs Authority (ERCA) will meet members of the business community on Saturday, January 19, 2013, at Desalegn Hotel, to defend their latest demand on companies to pay dividend tax, including in retrospect, Fortune learnt. The meeting is organised by the Addis Abeba Chamber of Commerce & Sectoral Association.

Demand from tax authorities for private limited and share companies has caused a stir among businesses in the capital, whose leaders claim tax officials have a construed understanding of what the nation's commercial code says about the distribution and payment of dividend.

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