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: Income from social media, podcasts, and video sharing is now taxable. If conducted professionally, it is treated as business income; otherwise, it is subject to a 15% final withholding tax .
The new amendment introduced higher rates for domestic and international payments to improve revenue collection:
Failure to comply with the withholding tax proclamation in Ethiopia may result in penalties, including:
In this post, we break down (Income Tax Proclamation) and provide actionable insights for compliance.