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Ethiopia’s Digital VAT Reforms: Key Changes and Implications By taxing non-resident providers and marketplaces, introducing digital identifiers to determine place of supply and leveraging technology through ITAS and Fayda integrations, the government is moving decisively toward a more equitable and efficient VAT regime
Ethiopias Digital Payments Journey: Leveraging the National Digital . . . In this blog, we first offer background on the origins of Ethiopia’s efforts to drive digital payments, how the country has propelled exponential growth in digital payments over the past four years, and how Digital Ethiopia 2025 could continue that momentum
Ethiopia’s VAT Revolution: Taxing the Digital Age Ethiopia’s Ministry of Finance issued VAT Proclamation No 1341 2024, introducing new rules for taxing digital services supplied by nonresident businesses This places Ethiopia at the forefront of a global trend where governments are racing to capture tax revenue from the digital economy
Impact of digital transformation on financial stability in emerging . . . As the only nation in this review directly examining implications for Ethiopia's financial system, this research addresses gaps in understanding this important relationship within Ethiopia's financial landscape as digitization reforms accelerate
Behind the Fintech Boom: Ethiopian Fintech’s Untold Challenges The Ethiopian fintech landscape has achieved remarkable milestones, with numerous money transfer operators introducing innovative products tailored to the needs and cultural preferences of the society
ETHIOPIAS DIGITAL TRANSFORMATION - National Bank of Ethiopia Open banking refers to the ability of third-party service providers to gain secure and permissioned access to users’ account information It allows users greater control over their banking data and enables third-party service providers to develop an array of new digital financial services
TERMS OF REFERENCE Receivables discounting platform 1. The Ethiopian Securities Exchange in collaboration with Financial Sector Deepening Ethiopia (FSD Ethiopia) seeks to onboard a consultant The Consultant will develop and publish a comprehensive feasibility study on establishing an e-Receivable discounting platform in Ethiopia
Understanding the Regulatory Framework for Digital Payments and Fintech . . . Ethiopia’s financial landscape has undergone significant transformations in recent years, largely driven by the emergence of digital payments and fintech companies These innovations have introduced a new wave of electronic payment systems that have reshaped how individuals and businesses transact
New VAT Proclamation in Ethiopia: Implications for Your Business Proclamation No 1341-2016 sets the stage for a more robust and adaptable VAT system in Ethiopia By understanding its implications, businesses can navigate the new landscape effectively and contribute to a fair and efficient tax environment