Intergovernmental Transfer in Ethiopia Form
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People also ask intergovernment transfer in ethiopia
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What is an intergovernmental transfer?
An intergovernmental transfer is a method in which local (non-state) governments and public hospitals can transfer funds to the Agency for Health Care Administration (the Agency) to help fund the Medicaid program.
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What is the tot tax in Ethiopia?
Turnover tax is charged under the Turnover Tax Proclamation at a rate of 2% on the supply of goods and services relating to contractors, grain mills, tractors and combine harvesters and at a rate of 10% on other services.
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What is the fiscal decentralization in Ethiopia?
The process of fiscal decentralization in Ethiopia began in 1992. Proclamations were issued during 1992–93 to establish federal and regional self-governments and to define both the revenue-sharing arrangements and the powers of the federal and the regional governments (henceforth referred to as states).
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What is the import tariff rate in Ethiopia?
The rate of customs duty ranges from 0% to 35% with an average rate of 17 percent. In recent years, Ethiopia has reduced customs duties on a wide range of imports, including the removal of tariffs on agricultural equipment, but duties still remain high on certain items, such as vehicles.
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What is the transfer pricing regulation in Ethiopia?
The transfer pricing Directive no. 981/2024 lists approved transfer price methods and allows entities to choose in determining the arm's length price. The Directive also allows a taxpayer to use other methods, provided that the taxpayer clearly demonstrates that none of the above can be reasonably applied.
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What are examples of intergovernmental transfer?
These are transfers of financial resources between levels of government to support public spending. For example, most countries build the transfer of central government income to sub-national governments into their fiscal system, to support activities like local policing and schools.
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What is the property transfer tax in Ethiopia?
For residential buildings, property transfer tax of 6% is payable by the buyer. The rate is 21% for commercial buildings. Title transfer of buildings and vehicles is valid only upon getting registered in the concerned government office, and the buyer is required to settle the property transfer tax.
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What is the VAT regulation of Ethiopia?
Ethiopia imposes 15% VAT on B2C remote services supplied by foreign suppliers. The VAT Proclamation defines remote services as services supplied by a supplier from a place of business outside Ethiopia to a recipient in Ethiopia.
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