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Ethiopia Providing Additional COVID-19 Relief Measures

20 May 2020

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Approved Changes

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Ethiopia

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...