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FISCAL The fiscal incentives given to all exporters are the following:1. With the exception of few products (e.g. Semi-processed hides and skins), no export tax is levied on export products of Ethiopia;2. Dut y Drawback Scheme: It offers investors an exemption from the payment of customs duties and other taxes levied on imported and locally purchased raw materials used in the production of export goods. Duties and other taxes paid are drawn back 1 00…
• Investors who invest to produce export products will be allowed to import machinery and equipment necessary for their investment projects through suppliers credit;• Investors who invest in areas of agriculture, manufacturing and agro-industry will be eligible to obtain loan up to 70 percent of their investment capital from the Development Bank of Ethiopia (DBE) if their investment is sound to be feasible;• The Government of Ethiopia will cover up to 30 percent of the…
Investment Activities Eligible for Income Tax Exemption1. Where an investor engaged in manufacturing or agro-industrial activities, or investment areas of information and communication technology development or the production of agricultural products to be determined by directives to be issued by the Investment Board;• Exports 50% /(fifty percent) of his/her products or services; or• Supplies 75% (seventy five percent) of his/her product to an exporter as a production or service input; he/she shall be eligible for…
Exemption from the Payment of Customs Duty1. An investor shall be allowed to import duty free capital goods and construction materials necessary for the establishment of a new enterprise or for the expansion or upgrading of an existing enterprise.2. In addition, an investor granted with a customs duty exemption privilege shall be allowed to import duty free capital goods necessary for his enterprise3. Notwithstanding the provisions of lists 1 and 2 above the Board may,…