Dividend tax controversy ends

Government allows ERCA to collect tax from undistributed dividend

The Minister of Finance and Economic Development (MoFED) sent a circular to the Ethiopian Revenue and Customs Authority (ERCA), intended to resolve the confusion created after discussions between government and the private sector in June over un-dispersed tax collection.
The Addis Ababa Chamber of Commerce and Sectoral Associations in collaboration with ERCA have also organised an event to discuss the controversial issue.
The MoFED circular is similar to an order from the ministry sent a year ago, instructing ERCA to collect the tax from undistributed dividend.

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