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Ethiopia Anti-tax Protests Spread

Ethiopia anti Tax-hike protest
Businesses in Ethiopia’s Oromia and SNNP region have refused to open as part of a tax-hike protest that has hit small business operators. The largely peaceful protest is now looming to the capital Addis Ababa.

BY JARED JEFFREY | CNBC AFRICA

According to ESAT, protests by small business owners, which began last week in Addis Ababa and parts of Oromia, have spread to towns in the Southern Nations, Nationalities and Peoples’ (SNNP) region.

The protests are against new taxes being imposed on businesses with annual turnover of up to Etb100,000 ($4,300). The revised Income Tax Proclamation, which came into effect on July 7 (the start of the fiscal year), saw tax collectors estimating the turnover of small businesses (such as roadside hairdressers and coffee vendors), with some entrepreneurs complaining that the estimates were as much as 10 times their actual daily sales figures. Continue reading Ethiopia Anti-tax Protests Spread