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NOW, THEREFORE, in accordance with. Article 55
Democratic Republic of Ethiopia it is hereby proclaimed as follows:
17th Year No. 3
CONTENTS
Income Tax (Amendment) Proclamation
PROCLAMATION NO. 693/2010.
1. Short Title
Proclamation No. 693/2010
A PROCLAMATION TO AMEND THE INCOME TAX PROCLAMATION
WHEREAS, it has become necessary to further amend the Income Tax (As Amended) Proclamation No.
2. Amendment
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This Proclamation may be cited as the " Income Tax (Amendment) Proclamation No.693 / 2010. "
The Income Tax (As Amended) Proclamation No. 286/2002 is hereby amended as follows:
1 / The following new sub - article (17) is added after sub - article (16) of Article 2 of the Proclamation:
17. " Windfall Profit " means profit obtained by any person as a result of a change occurred in local or international economic and political situations without its own efforts, particulars shall be determined by the directive of the Minister to be issued.