Ethiopia: ERCA Uses Bank Account Balance in Income Tax Calculations

That awkward moment that the tax authority tells taxpayers that it will not return the money it has collected from them in excess of what they should have paid, but still expects them to pay the rest if what they already paid is found to be below what they should have paid.

That decision was made to reverse its tax estimations that relied on the bank statements of taxpayers, which scared some businesspeople away from using formal banks to use personal safe boxes at home.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.