OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA
9th Year No. 21 ADDIS ABABA - 31 " December , 2002
CONTENTS
Proclamation No. 308/2002
Turnover Tax Proclamation
Page 2024
PROCLAMATION NO . 308/2002
TURNOVER TAX PROCLAMATION
WHEREAS , it has been determined that there shall be
or evade taxes , stimulate economic growth , and improve the ment Revenue ; WHEREAS , administrative feasibility considerations limit
the registration of persons under the value - added tax to those
with annual taxable transactions the total value of which
exeeds 500,000 Birr ; WHEREAS , an equalization turnover tax imposed on
persons not registered for value - added tax allows them to
fulfill their obligations and also enhances fairness in commer
cial relations and makes complete the coverage of the tax
system ;
NOW , THEREFORE , in accordance with Article 55 ( 1 )
and ( 11 ) of the Constitution , it is hereby proclaimed as
follows :
SECTION ONE
General
1. Short Title
This Proclamation may be cited as the “ Turnover Tax Proclamation No.308 / 2002 . "
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