Ethiopia / Amendment of the Special Economic Zone Proclamation

Dear Member,
With reference to the letter sent to our Chamber by TOBB, the letter forwarded to our Union by the Ministry of Trade states that the Special Economic Zone (SEZ) Proclamation (Special Economic Zone Proclamation No. 1322/2024) has been amended by the Government of Ethiopia.
It is stated that, with the amendments made, developer, operator and investor companies in the SEZ will be able to benefit from other incentives in addition to exemption from customs duties and other taxes; and that, within the scope of these incentives, it is possible to benefit from various incentives such as full exemption from all taxes and fees on the import and export of goods to and from the SEZ for developers and operators holding an SEZ investment permit, application of zero-rated VAT for goods and services entering the SEZ from the customs territory and the possibility of exemption from indirect taxes, exemption of dividends distributed to shareholders from income tax, and the possibility of exemption from taxes and fees on capital goods imported into the SEZ.

Annex: Ethiopia / Amendment of the Special Economic Zone Proclamation

Kind regards,
Elazığ Chamber of Commerce and Industry