Information about Ethiopia Minimum wage and taxes.
Here is some information about minimum wages and taxes in Ethiopia:
1. Minimum Wage: Minimum wage in Ethiopia varies according to sectors. For example, in 2021, the minimum wage in the private sector was determined as 18.50 Ethiopian birr per month. In the public sector, minimum wage varies depending on position and experience.
2. Tax Rates: Tax system in Ethiopia consists of different taxes such as income tax and value added tax (VAT). Income tax is collected on personal income, and tax rates vary depending on income level. For example, in 2021, the tax rate in the lowest income bracket is 10%, while the tax rate in the highest income bracket is 35%.
3. Value Added Tax (VAT): Another tax collected on consumption in Ethiopia is VAT. VAT rates vary depending on the types of goods and services. For example, the general VAT rate is 15%, but different rates apply for some goods and services.
4. Other Taxes: Besides income tax and VAT, Ethiopia also has other taxes such as company tax, property tax, land use tax. The rates and application rules of these taxes may also vary. To summarize, the minimum wage in Ethiopia varies by sector, while the tax system consists of different taxes such as income tax and VAT. Tax rates may vary depending on income level and type of goods/services. While this information provides a general overview, it is important to check with local authorities for more detailed information.
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