In its 25th Ordinary Session, the Council of Ministers of Ethiopia, with consensus and some additions (amendments), approved the Personal Data Protection Draft Proclamation, the Rural Land Administration Draft Proclamation, and the Special Economic Zone Draft Proclamation. The approved draft bills will be tabled before the Parliament for further discussion and ratification. Cabinet_News_የካቲት_16_2016_-_February_27_2023DownloadRead More

DABLO Law Firm LLP is excited to announce the participation of our esteemed Managing Partner, Dawit Kidane, at the highly anticipated International Bar Association (IBA) Annual Conference 2023, scheduled to take place in the enchanting city of Paris throughout the months of October and November. As a prominent figure in our firm, Dawit Kidane brings...Read More

As we celebrate the Ethiopian New Year of 2016, DABLO Law Firm LLP wishes all of our clients, friends, and all those celebrating the holiday a joyous and prosperous year! It is a time to reflect on the past year and look forward to the future with hope and optimism. We are honored to serve our clients...Read More

The National Bank of Ethiopia (NBE) is reducing the amount of foreign currency earnings surrendered by exporters to the NBE from 70% to 50% and to commercial banks from 20% to 1%. The new amendment allows exporters to retain 40% of their foreign currency earnings for themselves. The Retention and Utilization of Export Earnings and...Read More

The Federal Supreme Court of Ethiopia has ruled that using retained earnings to pay up subscribed capital is not considered reinvestment, but rather debt offsetting. This means that dividends used to pay subscribed capital will be subjected to a 10% tax. The Ministry of Revenue’s ability to retroactively impose taxes on shareholders’ reinvested dividends is...Read More

House Sales in Addis Ababa to Be Taxed at Predetermined Prices The Addis Ababa City Government has set a fixed price per square meter for house sales in an effort to collect all revenue generated by the city, in line with recent tax reforms. Under the new valuation, the government will estimate that a house...Read More

Ethiopian Federal Appellate Courts Must Now Provide Reasons for Dismissing Appeals The federal appellate courts have long had a practice of dismissing appeals without providing a reason on the standard form. This procedure has allowed appellate courts to make prompt decisions as they were not required to articulate detailed reasoning for deciding to dismiss an appeal...Read More

Ethiopian Government Support for Disaster-Affected Investors Comes to an End: Directive 967/2023 Repeals Directive 253/2021 The Directive that provides for the Government’s support to investors whose properties were damaged by both man-made and natural disasters is repealed by the Ministry of Finance’s Directive 967/2023. Consequently, Directive No.253/2021 is repealed as of the 29th of May...Read More

DABLO Law Firm LLP Represented at the AEA XVII International Congress in Vienna DABLO Law Firm LLP is proud to announce that its managing partners Dawit Kidane and Bruk Geremew participated in the International Congress of the Association of European Attorneys (AEA) in Vienna, Austria, from May 25 to May 26, 2023. The theme of...Read More

The new Excise Tax Amendment Proclamation No. 1287/2023 became effective as of April 27, 2023 in Ethiopia. The Proclamation abates the excise tax rate for imported new vehicles, stating the earlier rates were “exaggerated.” It also introduces a 5% excise duty on telecommunication services, including internet, voice, and SMS services. As per the Proclamation, this...Read More