Posts Tagged ‘customs authority’

Ethiopian Ayat Real Estate major shareholder released, Cheif still in custody

Addis Ababa, Ethiopia — Ayat Real Estate Enterprise major shareholder Ayalew Tessema is out on bail after spending more than a week in police custody on tax evasion charges. However, Ayele Debela, known as IMF for his lending business, remains in custody. Flexing its muscle after the reform that merged two former agencies, the ... Full story

Ethiopian Insurance firms left to cough up millions

The failure of car owners to pay customs duties imposed by the former customs authority following a duty free import scandal two years ago has left insurers owing millions of birr. A few years ago, the federal government issued duty free importation incentives with the intention of drawing citizens residing abroad back home. The incentive was designed ... Full story

Government asking for millions in unpaid taxes

The Revenue and Customs Authority operation to get back millions of birr in tax arrears from private businesses has resulted in chaos all over the city. A few weeks back the task force set up to enforce the collection requested companies to submit documents describing their purchases of imports, local purchases and local sales for ... Full story

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