TBEST Law LLP

The Ethiopian Ministry of Revenues has recently issued an explanatory note on the Directive for Keeping of Books of Accounts for Tax Purposes, Directive No. – 176/2014. In this explanatory note, the Authority has extended the definition given to the term “bond” under the Stamp Duty Proclamation to include “loan agreements”. Does this mean the tax authority is now prepared to levy stamp duties on loan agreements?
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Assimilating loan agreements to bonds: is the Ethiopian Tax Authority prepared to levy duties on loan agreements? | TBeST Law LLP TBeST Law is a full service law firm based in Addis Ababa, Ethiopia that provides corporate and commercial legal services across a wide range of sectors and practice areas. We pride ourselves in providing superior legal advisory and representation services informed by a deep knowledge of the law and...