Ethiopia's Proposal To End The Textile Consumption Tax

Last week, the Ministry of industry of Ethiopia accepted a proposal from the Ethiopia textile and garment manufacturers association to cancel the proposal. Excise tax To reduce tariffs on imported textiles.

At the end of 8, a new study suggested that 10% of the consumption tax on imported textiles should be abolished.

The study also implied that a separate tariff was imposed on finished textiles and semi finished textiles to replace the previous 35% of the tax revenue.

These proposals were put forward after a joint study by textile producers and relevant government organizations.

The results of the study show that the association and the government have reached an understanding of the unification of all kinds of textile products. tax revenue It's not right, said the director of the textile industry bureau.

According to the study, there is also a consensus on the consumption tax for disproportionate textile products, and as a result, clothing is no longer included in luxury goods.

The collection of imported products is aimed at protecting local industries. compete 。

The import tax of 35% in Ethiopia is quite high compared with other countries in the East African community and the southeastern African community market. The tariffs in other countries are zero to 25%.