Tax payers pleased with Ethiopia

Calcutta News.Net
Monday 3rd December, 2007

Ethiopia has been given a high ranking as being one of the best 30 nations in making tax payments easier.

Against 178 world economies, Ethiopia ranked at 29 in the World Bank's latest report on ease of paying taxes.

In the freshly released report, Ethiopia beat a number of both developed and developing countries such as the United States, Sweden, Korea, South Africa, Kenya and China in ease of tax payments.

This ease of tax payments refers to the taxes and mandatory contributions that a medium-size company must deal with, as well as measures of administrative burden in paying taxes.

This year the top 10 economies for ease of paying taxes are Maldives, Singapore, Hong Kong, United Arab Emirates, Oman, Ireland, Saudi Arabia, Kuwait, New Zealand, and Kiribati respectively.

The most difficult economies are Panama, Jamaica, Mauritania, Bolivia, the Gambia, Venezuela, the Central African Republic, the Republic of Congo, Ukraine, and Belarus.

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