Adopts new investment incentives
12 Jul 2022
On 12 July 2022, the Council of Ministers of Ethiopia issued Investment Incentives Regulation No. 517-2022, which offers income tax exemption for investors from the date of obtaining the business license or expansion permit, as provided in the schedule attached to the Regulation. The Regulation also allows investors to import capital goods, construction materials and motor vehicles free from custom duties. Finally, it expands the incentives' eligibility to the mining, petroleum and geothermal sectors.
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Type:
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Promotion and facilitation (Investment incentives)
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Industry:
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