Banks Caught in Tax Battle, Raising Investment Slowdown Fears
[Addis Fortune - Ethiopia] - 29/12/2024
Banks and insurance firms are battling tax authorities over whether dividends used to pay for unpaid subscribed capital should be taxed. Nearly 25 financial institutions have already paid 5.7 billion Br, half the assessed amount, to contest the claims before the tax appellate body. Many now (…)
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