Mining: Ethiopia offers excellent opportunities for mineral prospecting and development. The country is blessed with large deposit of:
• Gold; • Precious and metallic minerals like tantalum, iron ore, platinum; • Coal, oil shale and natural gas • Diatomite, potash, phosphate, soda ash, salt, limestone, marble. Ethiopia's investment priority areas: • Horticulture; • Floriculture; • Agro-processing; • Livestock; • Textile and garment; • Leather and leather products. Government support to priority areas: • Access to long term credit with low interest rate; • Export incentives; • Customs duty privileges; • Income task holiday; • Provision of land at competitive lease price; • Technical support. Investment incentive: • 100% exemption from the payment of customs duty: • Duty free importation of machinery and equipment for investment projects; • Duty free importation of spare parts whose value is not greater than 15% of the total of capital goods to be imported;
• Income tax exemption for periods ranging from 2-7 years depending upon the area of investment, the volume of export and the location of investment;
• Loss carry forward for half of the tax holiday period.
• Duty drawback scheme; • Voucher system; • Bonded manufacturing warehouse scheme.
Principal taxes currently in effect
Type of tax
Corporate income tax
Turn over tax
2% and 10%
10% up to 100%
0% up to 35%
Income tax from employment
Value added tax
Source: Ethiopian Investment Agency For more information please visit the website: Invest In Ethiopia