Proclamation No. 226/2000 Petroleum Operations Income Tax (Amendment) Proclamation | GOALGOOLE | Because you need Information for your goals !
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Proclamation No. 226/2000 Petroleum Operations Income Tax (Amendment) Proclamation

PROCLAMATION NO. 226/2000
A PROCLAMATION TO AMEND THE PETROLEUM
OPERATIONS INCOME TAX PROCLAMATIONS

WHEREAS, it has become necessary to amend the Petroleum Operations Income Tax Proclamations No. 296/1986;

NOW, THEREFORE, in accordance with Article 55(1) of the Constitution of the Federal Democratic Republic of Ethiopia, it is hereby proclaimed as follows:

1.    Short Title

This Proclamation may be cited as the “Petroleum Operations Income Tax (Amendment) Proclamation No. 226/2000”

2. Amendment

The Petroleum Operations Income Tax Proclamation No 296/1986 is hereby amended as follows:
1)    Sub-Article (1) of Article 3 is deleted and replaced by the following new Sub-Article (1):

“(1) Any person engaged in petroleum operations under a petroleum agreement shall pay thirty percent (30%) income tax on its taxable income”

2) Sub-Article 6(a) of Article 13 is deleted and replaced by the following new Sub-Article 6(a):

“a) deduct an amount of tax payable by the Sub-Contractor at the rate of thirty percent (30%) on the taxable income calculated in accordance with Sub-Articles (1) and (2) of this Article;”

3) Article 15 of the Proclamation is deleted.

4) Articles 16, 17, 18 and 19 of the Proclamation are renumbered as Articles 15, 16, 17 and 18 respectively.

3. Effective Date

This Proclamation shall enter into force as of the 26th day of December, 2000
Done at Addis Ababa, this 26th day of December, 2000

NEGASO GIDADA (DR.)
PRESEDENT OF THE FEDERAL
DEMOCRATIC REPUBLIC OF ETHIOPIA