Tuesday, August 2, 2011

PROCLAMATION NO. 36/1996 PROCLAMATION TO AMEND THE INCOME TAX PROCLAMATION


PROCLAMATION NO. 36/1996
A PROCLAMATION TO AMEND
THE INCOME TAX PROCLAMATION
 
WHEREAS, it has become necessary to further amend the Income Tax Proclamation No. 173/1961;
NOW, THEREFORE, in accordance with Article 55(1) and (11) of the Constitution, it is hereby proclaimed as follows:
  1. Short Title
  2. This Proclamation may be cited as the "Income Tax (Amendment) Proclamation No. 36/1996."
  3. Amendment
  4. Sub-Article (c) of Article 12 of the Income Tax Proclamation No. 173/1961 (as amended) is hereby deleted and replaced by the following new sub-Article (c): "(c) Any organization shall pay thirty-five percent (35%) of income tax on it taxable income. However, tax on income from mining by an organization shall be charged, levied and collected in accordance with the Mining Income Tax Proclamation."
  5. Effective Date
This Proclamation shall come into force as of the 8th day of July, 1995.
Done at Addis Ababa, this 14th day of May, 1996.
 
NEGASO GIDADA (DR.)
PRESIDENT OF THE FEDERAL DEMOCRATIC
REPUBLIC OF ETHIOPIA
 

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