We use cookies to provide you with the best possible experience. By using Orbitax's services, you agree that we may store cookies on your device. Cookie Policy.
The AI assistant for tax questions
Track worldwide tax law changes daily
Cross-border tax analysis and data
Unify and empower your entity management
Provides compliance steps, forms & rates
Visualize and manage your entity data
Comprehensive compliance management
Audit and global tax controversy tracking
Manage reportable cross-border arrangements
Country-by-country reporting & compliance
Pillar 2 planning, reporting and compliance
Calculate US tax impact of foreign operations
Automated workflows for recurring tax tasks
Secure API connections to 3rd-party systems
Secure storage for your tax documentation
The AI assistant for tax questions
Collaborate securely on your tax data
Share This Article
|
|
According to recent reports, the Ethiopian government issued regulations for additional COVID-19 relief measures on 24 April 2020. The measures include an extension of monthly VAT returns and payment for the months of March, April, and May 2020 to June 2020, without any penalty or interest. In addition, it is provided that charitable donations made for COVID-19 may be deducted for up to 20% of taxable income for the year. Lastly, taxpayers that would be restricted from carrying forward losses under the loss carry-forward rules are allowed to carry forward losses incurred in the 2019/2020 tax year ending 7 July...