AmendmentTax

A Directive Issued to Make Adjustments to the Specific Rates of Excise Tax (Directive No. 1007/2024)

Ministry of Finance1007/2024

Summary

This directive amends the specific rates of excise tax on alcoholic beverages, tobacco and tobacco products, and plastic bags, by adjusting them based on inflation data from 2020 to 2023.

Who's affected

Businesses involved in the import, manufacture, or sale of alcoholic beverages, tobacco products, and plastic bags.

Action required

Businesses should review the new excise tax rates for their specific products and ensure compliance with the adjusted tax amounts.

Key points

4
  • Adjusts specific excise tax rates for alcoholic beverages, tobacco products, and plastic bags.
  • Based on inflation adjustment as per Proclamation No. 1186/2020.
  • New rates are detailed in the annex, specifying tariff numbers and tax amounts.
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    • The directive is effective upon official registration and publication.

Requirements

3
  • The new excise tax rates specified in the annex of this directive are to be applied.
  • The adjusted rates replace the previous specific excise tax rates for the mentioned product categories.
  • The directive enters into force upon its registration with the Ministry of Justice and uploading on the Ministry of Finance's official website.

Rights and permissions

1
  • Businesses have the right to be informed of the adjusted tax rates through official channels.

Restrictions

2
  • The specific excise tax rates for alcoholic beverages, tobacco and tobacco products, and plastic bags are subject to adjustment based on inflation.
  • Specific tariff numbers are listed with their corresponding adjusted excise tax rates.

Penalties

1
  • No specific penalties are mentioned in this document, but non-compliance with tax regulations typically incurs penalties.

Objectives

2
  • To adjust the specific rates of excise tax based on inflation.
  • To update the excise tax rates for alcoholic beverages, tobacco and tobacco products, and plastic bags.

Organizations

3
  • Ministry of Finance
  • Ministry of Justice
  • Ministry of Planning and Development

Legal references

2
  • Excise Tax Proclamation No. 1186/2020 (as amended)
  • Table 1 attached to the Excise Tax Proclamation No. 1186/2020
Original sourcehttps://justice.gov.et/en/directives/a-directive-issued-to-make-adjustments-to-the-specific-rates-of-excise-tax-no-1007-2024/
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