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Petroleum Operations Income Tax (Amendment) Proclamation No. 226-2000

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OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA 7th Year No. 8 ADDIS ABABA - 26 " December , 2000 CONTENTS Proclamation No. 226/2000 Petroleum Operations Income Tax ( Amendment ) Proclamation Page 1439 PROCLAMATION NO . 226/2000 A PROCLAMATION TO AMEND THE PETROLEUM OPERATIONS INCOME TAX PROCLAMATION WHEREAS , it has become necessary to amend the Petroleum Operations Proclamation No.296 / 1986 ; NOW , THEREFORE , in accordance with Article 55 ( 1 ) of the Constitution of the Federal Democratic Republic of Ethiopia , it is hereby prolaimed as follows : 1. Short Title This Proclamation may be cited as the “ Petroleum Operations Income Tax ( Amendment ) Proclamation No. 226/2000 . Amendment The Petroleum Operations Income Tax Proclamation No. 296/1986 is hereby amended as follows : 1 ) Sub - Article ( 1 ) of Article 3 is deleted and replaced by the following new Sub - Article ( 1 ) : ** ( 1 ) Any person engaged in petroleum operations under a petroleum agreement shall pay thirty percent ( 30 % ) income tax on its taxable income ' 2 ) Sub - Article 6 ( a ) of Article 13 is deleted and replaced by the following new Sub - Article 6 ( a ) : “ a ) deduct an amount of tax payable by the Sub Contractor at the rate of thirty percent ( 30 % ) on the taxable income calculated in accordance with Sub - Articles ( 1 ) and ( 2 ) of this Article ; ” 3 ) Article 15 of the Proclamation is deleted . 4 ) Articles 16 , 17 , 18 and 19 of the Proclamation are renumbered as Articles 15 , 16 , 17 and 18 , respec tively . 3. Effective Date This Proclamation shall enter into force as of the 26 " day of December , 2000 . Done at Addis Ababa , this 26th day of December , 2000 . PRESIDENT OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA Unit Price The African Law Archive

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