New Business Ethiopia

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.

To repatriate its stolen wealth and fight future illicit financial outflows, the Government of Ethiopia has applied to join the 199 member countries group.

By Andualem Sisay Gessesse –Ethiopia is battling to stop the outflows of billions of dollars every year through trade misinvoicing  in collaboration with foreign partners, the country’s tax authority official said.