During Ethiopian fiscal year concluded on July 7, 2019, Ethiopia has collected a total tax revenue of 198.2 billion birr (around $6.9 billion), which is $761 million more compared to previous year.
The Ministry of Revenue of Ethiopia said it has collected 17.5 billion birr (around $612 million) tax last month.
The Government of Ethiopia is set to boost its annual income from excise tax every year by around a billion dollars, said a government official.
The Customs Commission of Ethiopia has collected around 56.7 billion birr (close to $2 billion) from international trade taxation, trade misinvoicing and confiscation of goods from smugglers during the first nine months of current Ethiopian calendar started July 8, 2018.
The revenue authority of Ethiopia says it has collected 145 billion birr ($5 billion) during the first nine months of Ethiopian fiscal year started July 8, 2018.
Ethiopian Ministry of Revenue collected over 130.7 billion birr ($4.6 billion) during the first eight months of Ethiopian budget year started July 8, 2018.
The boost its hard currency earnings and reduce unemployment, the government of Ethiopia is set to provide an additional tax incentive to investors engaged in exporting products and services.
Out of the total 1.2 billion birr tax (close to $43 million) income the Tigray Region of Ethiopia has collected in the first six moths of Ethiopian fiscal year started July 8, 2018, over 50% has come from political party companies.