Council of Ministers Investment Incentive Regulation No. 517/2022

8. Declaration of Income During Income Tax Exemption Period lit "'l"):;:())-9" tJl\U11T flH.U Y.111 1't1-1>7i Q: 1/ An investor shall only be entitled to the ?;: 'h'i 1 l\.,.DDl\h-f:T h1Q "111C ~, exemptions specified under Articles 4, 5 f uotJ'") "'/0 L;J--:f 9' ':f -,.m :J>"'l, f "'l.lf~ ())- and 6 of this Regulation if he submits to () 1Cl "111 C 1't'P J!- o-,. Y. ~11 ())- ODW L :,..· the relevant Tax Authority his books of f d,Jl 11 00 111& ") 1't "1'111 '\ l't ())- f "111 C account as provided under the Income 1'111<'l(l DDP'&Y o.:,.. (lY-l>C11 J.',lf'i A; Tax Proclamation; I Federal Negarit Gazette No. 39, 12m July, 2022 .... page 14276 f!/ "'l'J~m-'I" 'lt\U11:,. r ;t-hll "'l(lt.;t-:F 2/ If an investor is engaged in two or more r"'I.. J' ll 1,- tr I\:,. "l.S h H. J' (I'\ .e lllf '1- investment activities to which he is r n_ '}0 {I..-,. OD'}~· on{) ta :"f r-,.(1 "'J &-- h '} J.'.lf ', entitled to tax incentives for the purpose t\;t-hll "'!Ot.;t-:F '¼'\"'/ r>.y'J~ 'J~ 'J of the tax incentive shall separately n_ 'JO{I..-,. OD'}..-,. 1 Q (\ r 11:F "'JI) (JJ:,, it(\ (I..-,. 1 declare his mcome from each investment activity; r/ r"'/o t.;t-:F -,.m -4'"'1.. rlf., '1 t\U 11:,. o10. 3/ If the beneficiary of the tax incentive "111 c it 'P ~ o-,. f. 'I 11 m- on wt...-,. r m.'111 fails to submit its books of account as on 1110-'} J' '\ 4' {.(I h '} J,'.lf ', (I 1 Q "111 C provided m the Income Tax it <p ~ 1Q '} {l l\it (\"'JI) (JJ:,, r-,..,. ODffi(JJ- Proclamation, in addition to paying :,,"l:,. ', (lit\ Y: -,.t. ,"'I. oolf 'I- h '}f.-,. m(I 4' penalty and interest provided under the lf'i "I Yu.rm-'J '\t\-,.(JJ"J(I:,. r"/11C Hoo'} Income Tax Proclamation shall not be r.., 11c h b. .e ;t- -,. m-4'"'1.. on lf .,_ 4' t, granted the tax holiday in the year it J',lf'i' A; failed to fulfil! its obligations; of 'lt\U11-f: OH.U it 'J4'?. 'JO-ll-it 'J4'?. (?!) 4/ If the failure of the investor to fulfil! its r-,. f. '111 (JJ- 1 "/ Y,.,r(JJ- J' A -,.(JJ"l a,- "'I. t ll-t- ?- obligations under Sub-Article (1) of this (I "'l. .f (JJ"J(JJ- onon l, J' (1-,.on I\ h-,. hit :,,9" Article is due to force majeure as ' O'\J:', Olf'I 9"h'} y:,. hlf'I rrtu it 'J4'?. 'JO-ll defined by a Directive to be issued by it '} .,. "' (r ) -,. t.., "'I.., ..-,. it .e <: 1.(JJ-9" , , the Ministry he shall not be subject to measures provided under Sub-Article (3) of this Article. i. h,a -,,oc .,, f 081f'} "70t.,;t;f llAaz,lrca:,. 9. Commencement of Perjod of Income Tax ll Exemotion ?!/ 1110. "/11C .,, ronlf~ Hon'} no$mC 1/ The period of exemption from income r"'l..1. 9" /.(JJ- it }t{l n_ 'JO{I..-,. OD 'J ..-,. hlf ', tax under this Regulation shall begin 'lt\U11-f: r'J"I Y: P' b- t..4' Y: h(JJt)J.'.(I:,. from the date the investor obtained a (JJ .e 9" 'Ill c h. 'J'iill ..-,. on 'J ..-,. hlf 'I r "'l ll 4- t- y business license or from the date the t. .4' Y: h(JJ(I J.'.0-r 4' 1 it 1ll .Y.. J',lf 'i' A ; investor obtained expansion permit; f!/ I\H.U it 14'?. 10-ll-it14'?. (?;) itt. ,o'I" 2/ For the purposes of Sub-Article (1) of it "1'11l y l\(JJ- on P' 1, y t1 ..-,. "t\U11 -t: r1.., Y: this Article, the appropriate organ shall P' b- t. .4' Y: (JJ .e 9" r "'l ll4-t- J' t. .4' Y: notify the Ministry of Revenue the date r (JJ(IJ.'.(1:,.1 4'1 I\ 10.?Ji· "'I. tll-t-C on which the business license or the .f /)(JJ- .4' A ; expansion permit is issued to the . ' investor; Federal Negarit Gazette No. 39, 12" July, 2022 .... page 14277 r1 "'I Ji;: <D-9" 'l I\ u11:,. "'lr t. .-,. w .er 3/ An investor shall not be entitled to a h1A "11\ 0 :,. n°llm:,. °f..?"C: 0 /1lC fht.l\ refund of the tax paid if he submits the

7. '} f.lf',', hff.U (I;\'\ 1'1Q "11lC "'lfll;r:r tax incentive certificate after he has paid -i·m.PoZ 00 !1'~"} f"'l1AiJ f.-fl~(I, .fcullJ taxes on the production or rendition of

7. J f.lf 'I r h t. I\ ro-1 "111 c -t- ao '\ 7i no m r .-,. · services carried out before such date. hJ!,rA?":: I. h."t t-"} llA"711..,.'\i\,;: 10. I,oss Carrv Forward iii h1Q "J{IC '1'1 f'uolf'} 0 'Ull:J-:F (1-f'(lm(l.'t Ii An investor who has incurred loss ,. HOD'} <D-il'f' h..,,/,., J' .,'.) ffi '70(1)- "'I'} i;: <D-9" within the period of income tax 'll\tMlr h1Q "111C '1'1 fuolfl1 Hoo~ exemption shall be allowed to cany forward such loss for half of the income h-i' m ', 4'4' (I;\'\ f If. tJ-- Hno i "1"'17i I\ oZ If'} tax exemption period after the expiry of -i'h :r:r J!, 1. t1. Ii."l /r<D- J!,-t'\ t\ 'f: t\,:r A ; such period; JI fllf.V 1'14>?. '}O-ll-1'14>?. (!?) f-i'f.'t11<D- · 2/ Notwithstanding t'1e provisions of Sub- Q ':"C?" h.'llr '} f"'lll-i''\t\~ tfuo'} {t(l'\ Article (1) of this Article, for the "1"'17i ~DDT J' .,'.)fflUD 7.'}f.11''1 7.'}f.oo.t\. purpose of caiculating the period of loss f1Q "/f!C lfuo"} J',4'mlrA; carry forward, a half-year period shall be considered as a full income tax period; f/ fllf.U h J<l'?i 10-ll-n14'?. (ii) 7.', (f) 3/ Notwithstanding the provisions of Sub- f-i' f. 'i11m- Q ':" C 9" t11Q "/ 1l C '1 'l () uolJ'i;: Article ( 1) and (2) of this Article, an ,, OD'} hA t,. f J:.l(l(l -r "'I'};;: a>-9" q t\lJ-fl:,.. investor who has incurred loss during f f.t.(1(1:,.'} h. "fir hh?"ll.'t f1Q "11lC the income tax exemption period may Hoo'} (MJ', "'lll ...'\t\~ >t.e":f-A?"; not be allowed to carry forward such loss for more than five income tax period; of fllf.U 1. '},fl h J<l>?i 1 JO-ll-h 14'?. (ii) 7.', 4/ Any loss incurred during the additional on (1-f' m 4'(1a,- -i' t;1;1. "'16 f "'10 l,:r :r 1. t1. tax holiday period provided under Sub- w-ll 1' f "7.J' ."J 'f'?" h. 'I lr h. 11 lr '} (I "'I ll-i''\ t\ (i: Article (1) and (2) of Article 6 shall not ,. 1~titit1 1t.e1.t. "l<r, , be carried forward. , .. ' Federal Negarit Gazette No. 39, 12" July, 2022 .... page !4278 11 .. I,imitation or Restriction on Ent:tJen1ent to Tax Exemption f "111 C '1,,t;',. .e:r f "'l. .f ll11 h.'} iill ..-,.. uo '} ..-,.. Where an investor ceases to operate its (11\{l,..-,.. fl.f'j (1(1)- f-f'W"'J &-(l ..-,..'} h_ '}iifl..-,..uo'}..-,.. investment and re-engages in another H"1.Y. -f' UD A" f h (;',. .e :r "l. If, .r (l "'l, t'l '1' investment activity which qualifies for tax h.'}ii{I..-,.. uo'} ..-,.. '\ .f, h-f'll "'1 &- (l .f '} ll (l H;,a,- exemption shall not be entitled to a tax h.'}ii{I..-,.. uo'} ..-,.. f-f' t1l 4> uo(l ..-,.. '} f '1, G'.. J', ,:r "l.lf, holiday for a period which he has already I\ "'l. .f h A "l. If, f "/ 11C '1, G'.. J', :r -l't11.4'"'l. used for the closed business. The details hJ',l.f '}9" : : 11 Cll ~ "'l. '1. ll i:~ ll "'l. .f (l)llf a>- shall be provided under a Directive to be uouo l, .f ,.e (1)(1<; A : : issued by the Ministry. PART THREE· h7:r""h +~1' 'i1 f 08tr1 "70~:tf CUSTOM DUTY INCENTIVES II. flt'C;tA'i" f'719;J:: b:J-s,,?f: h7:r""h .,.~., 'i1 12. Exemption of Capital Goods and Construction Materials- from Customs /;.I hH.U ~'}11 ;,C (l-f' .f .,fHa>- w'}mL'H" 1/ New investor or an investor expanding h-f'HLH~-l- f P'&- ooflf\'t Oh'}~ f-f'w"'J&- or upgrading existing investment h-'tll h. "Hill..-,..uo'}..-,.. roJ',9" f'i'lC engaged in one of the areas of h_ '}ij {I..-,.. llD '} ..-,.. "'J fl 4-k .f (I) J', 'J" "'J q q .f investment specified in the Schedule fl-i"C:rA'i f"J'}'l,:r o.4'?''t'} h<l>L'I' 'i1 attached hereto, may import duty free O!/ll1'1..-,.. ,.e't'\A 1 capital goods and construction materials necessary for the establishment of a new investment or the expansion or upgrading of an existing investment; e/ {l.tf.U h '}<l>X- '}O-ll-h '}4>,r (t!) ht..109" 2/ For the implementation of Sub-Article 'll\U-01: h<l>L'I' 'i1 '1, '}.';. 1fr f"'l.t..A;J;fa,-'} (1) of this Article, the investor shall f ti "C :r A<; f "1 '}'1,:r o.4'?''t 11 C 11 C (I) J', 9" submit, the list of capital goods and '1, '} ~h "1'1 -0 'i 1: 1f Cll C' :J: '} f "'l. .f ll L ~ ll 'i ~ approved construction materiais or as '1, <; "I'} '1,:r a>- f "'l. t11 ,.e <I> a>-'} "111 '¼ .Y.'t appropriate document that explains the '} J', 'i ..-,..<j UD (ll '} f "'l, .f /t J', f fJ ~.,, f-f' 6,. I\ "l. list or the bill of quantities of o.4' 11IJ -r t'l 'i ~ (l;,.,"I P' A llf '} I\ -f'(lm(l)- construction materials to be used as an h I-JA '1 "'/:,, L 11 "'I lit.. 4' ~ J', 'i C(l ,:r A ; input to be imported duty-free and get approval of same from the appropriate organ; Federal Negarit Gazette No. 39, 12" July, 2022 .... page 14279 r/ fr9"?-h <l>l."' ~, "'JOt.:r:F -t-m:1'"2. rtr~ 3/ If an investor entitled to a duty-free 'l I\ U11-r hU1 C an'l 'I' f "79" l.7 incentive buys capital goods or h.'} ~i'l-r ('; 9' r ffl J!, 9" hh {loo a;i__ f ti-c ;t-A construction materials from local (l)j!,9" r°/'}'l:r ():1'9'r'} ll. 1t1 ():1'9':t:'} manufacturing industries, he shall be I\ "79" l. -r o°I 11 '¼-r ~ -r O'PI'\-- -r "'t. 6 :1' 9' "f- refunded with the import tax paid for (f),.,, 9" '111'¼ ,r.:r- ",.,, r-t-h .t "(I)- r-,. 9" ?- n the raw materials or components used as <I> l. 'I' -t-oo'\ 7i J!, Y..l.;., A ; inputs foe the production of such goods; ,, .. Q/ {llf.lJ Y._'}11 ODIPl.-r fr9"?-h <l>l.'f' ~, 4/ An investor eligible to a duty-free "'J(I l.:r :F f "2. .t <I> f: t\ -r "'J'} 7/- (1)-9° 'l I\U-fl-r incentive pursuant to this Article, shall 'P ;.,:fCfJ< h ti-c ;J- A () :1' 9' :t: m:,. '\ '\ 'P;., 1 l: be allowed to import spare parts the ("' P' ?- "9" i'l-r) ono ,r. r "7,.,, oA,,. value of which is not greater than 15% OD t\ 'P (1)""1, /J .4' 9' r h '} Y._tJ< );;r(l)- of the total value of the capital goods f "'J (I l.;t-:F (I)- -t-m :1'"2. t\ oolf '} 11-1! htr~ (1-r within five years from the date he (l),.,, 9" r .,...., .(- P' ?- .t .-,. J.>: tifflfllO-r 1."' becomes eligible for the incentives or "f. 9"C: h i'I h i\ 9" i'l-r '}oo-r f: l.i'I h1' 9" ?-h from the date the business license is <l>l. 'I' ~, h '}-'l,.f'll1'l J.',.t<I> f:t\;1-A:: issued, as the case may be. The period in which spare parts shall be imported (I "'J', :f (1)-9" lJ< );;J-- {I If. lJ ]\ '}4> ~ OD IP l.:,. free of duty as per this Regulation shall fool\ 'Pffl""1. /J:1'9'r'} h<l>l.'1' ~, "7i'l1'l-r not in any way exceed a total of five f "2.:F 1\(1)- (I f:9" ?- t\i\ 9" i'I -r '}no ;t- -r 11:F years; ~(I)-; l:/ OILU i\'}<f>~ '}O-i'l-i\'}4>~ (!!) oowt.-r ~'lC 5/ Evidences that shall be submitted by an h..'} fl {1-r OD '}-r '} I\ "'J {I 4. 4-:,. (l) J.', 9" investor who applies to be a beneficiary I\ "7 'li 'li A f-t-L <I> Y._(1)- "7 (I l.;t-:F -t-m :1'0-Z. of tax incentives provided under Sub- I\ oolf '} 'I' .f'-1: f "2. .f' <I> C 11 'l I\U11-r Article (1) of this Article for expansion or upgrading of existing investments I\. .f' <l>C 'l :f(1)- f "2.10- "7 i'l l."P: 9' r "2. t i'I i: ?- (1"2, .f' (f)fl)(I)- no no('; .f' J.', (1)0 'i" A : : shall be prescribed in a Directive to be issued by the Ministry. ' Federal Negarit Gazette No. 39, 12" July, ··2022 .... page 14280

13. Exemption of Motor Vehicles from Customs Duties /1.h.1iill-r 00 1-r '¼ 'I "'I f "2,ro-1\- -r 7i h C 1-,t, .?';f. The total or partial exemptions from on-- 1\- Cl on-- 1\- CD J!, 'I° (l h kA hr 'I°~ h 'PL. 'f' ~y customs duties to be granted for motor lf~ro- f"2.1ltfJ-r 0-~:f' fh.1oll-rou1-r vehicles used for investment purposes shall TC' lh .Y.:f 1 '¾ J!, ~ -r'i" 'llJ t, ou w L.-r (I "'I.(- L. "1 be determined by Directives to be issued by "2. l ll -I:~ fJ"2. J' CDllJm- ouou t, J' f"2. CDO 1 the Ministry based on the types and nature J!,tf'i" A:: "2. llli:~ fJH.IJ h 1-P?. oowL.-r of investment projects. The exemption from customs duties to be granted by the hr'l°~h -PL.'f' ~, tr~m- >..1.c;.10- l\.&..'.f>.(- Minister in accordance with this Article f"2. :'f-11.m- h'Ch hT >.. 'i" ll-1:i'i1 'P11 a,-al._ J't\- shall not include pickup and station wagon -ri'ihctit.?':'f-1 ~m-,, vehicles.

14. Transfer of Dutv Free Imoorted Goods ~I hr'l°~h -PL.'f' ~, tr':' f1'1 °'l'i"Tm-'l° 1/ Capital goods or construction materials f '1 'C ;f' A iJ :J> CD J!, 'I° f "11'1.;r i, :J> -f'oo <\ ti J!, imported free of customs duty may be fr'l°~h 'PL.'f' ~, oofl-r 'Ill.a,- (ta,- transferred to persons with similar duty- free privileges; 1\. -r'\ l\. (j: J!, :f 'I i:u ff fJH.IJ h'.>'P?. 10-ll-'11-PX' (~) f1'~~11m- 2/ Notwithstanding the provisions of Sub- o.'iC'I° 1't/l<#>.(-'I" 1'1Qm- fr'l°~h <l>L.1' Article (1) of this Article, the capital -rh'i:w h1-r~h +L.-r ~, If':' r1'l goods or construction materials °'l'i":f m-9° f '1 'C;f' A iJ :J> CD J!, 'I° f "11'1:f' imported free of customs duty may be i, :J> f 1-'1° ~ h </> L. 'J' ~ 'I 00 fl-r /1.1\,/1. 0,- (ta,- transferred, up on effecting payment of the appropriate customs duty, to persons 1\.1''1/I.'f: J!, :f '1 A ; having no similar duty-free privileges; rt 'lt\1Jfl1: hr'l°~h +L.-r ~, tr'i J'll1'lm-1 3/ The investor may re-export the duty- f ti 'C ;f' A iJ :J> tD J!, 'I° f "11 ();f' iJ :J> oo A(l free imported capital goods or ht.11 C h 1 .c;.CDllJ "'I.(- L. "1 J',:f '\A ; construction materials; Q/ fJlf.U h 14>1. 10-/l-h 1-PX° {~) oulPL.-r 4/ Transfer of goods imported duty free <I> L. 'f''i" :I' hll <'tJ!, h LAfJ-r m~ V1C m-ll 1' pursuant to Sub-Article (2) of this f1'1 iJ:J> f1-'l°~h <l>L.1' ~'I oofl-r /1.1\,/1.a,- Article may only be made to a person (tro- I\. -r'I /1. tj: f "2.':f /1. a,- f :f' h {I 'l /1. llA l1J '1- who does not have duty-free privileges fJ"'l.J' CDIIJID- 0000{, J' f "2, (l)(t 1 /1. °'lll-r'I /1. ',: on conditions prescribed in a Directive f "'l.J' ll1.(- ~ 0- ~:I'.?'°f I\<;>~ -0:'F f!,11' 'i" A ; to be issued by the Tax Authority which force the investor to transfer such property. Federal Negarit Gazette No. 39, 12"' July, 2022 ....page 14281 f./ r H.v 'J "">.,,"' 5/ Any investor who contravenes the "'/'};;: (D-9" q fl.ll-fl-r prov1s10ns of this Article shall be punishable m accordance with the relevant provisions of the Customs Proclamation. I~. fib,, "Jij'fl-l-ou"J-l- flCI: fT.i\i\L f7:9"~h 15. Decjsjons made by the Investment Board .,.~"l''i :thll a,-lt~.,»'f on Customs Dutjes and Taxes h'Pif. Fir '\.e, hOD'PI\- flk-r Oh. "Hiil,rOD'},r The application of decisions of the (lCI: r-two'I- '11C "J'} OH.tJ ~'}-0 .fA-tl-i-ti: Ethiopian Investment Board on tax • holiday r1Q "I-fie 'l..c:..e:J- 'l..c; rrr?-h <f>l."l'<i :J-hil and customs duty privileges made before "'1'1 l.:J' :F 9' "f 4>'11 .e ', -r "'I. til-1:?- '1 "'l. .f W"l(D- the entry into force of the Proclamation that ODOD 1, .f r"'l.w(t '} .elf<; A , , are not included in this Regulation shall be determined by a Directive to be issued by the Ministry. PART FOUR MINING, PETROLEUM AND GEOTHERMAL WORKS

16. Incentives for Mininr Investment 1/ Mining a) Any holder of an exploration ll) "'/'};;: (D-'/° r r c OD 1r q flt. :J>,: w .e er license or his contractor may r h. C (I. -t!I;' lr "f." fl. P' /r(D- import into Ethiopia equipment, machinery and consumables that T C'"l lr 9" ODlP l. -r h(D-"J." l/1 C W~ are required for its operations in h.:,. r- k .f r"'l. .fil 1'l:f(D- OD"f 1,.f?>"f, accordance with the work "'17i ', l, ,?>"f h. c; "'\ <t {) :J> ,?>"f program approved by the hr'l°?-h <f>l."1' .,, .elfc;I\- i Regulatory Institution free from customs duties; "'I'};;: (1)-9° r }t., il-t;;: w .e er rh«j-: -t;;: b) A small scale or large scale fl.) '11'1. L :J> I: mining licensee or his contractor ~l.Jf r"'/61:'} "'/9" l.-r may import into Ethiopia w.er r'l..C(I. -t!I;' lr "f." fl. P' /r(I)- equipment, machinery and r"'l..filLA ,..c; (l fJ ~ ,f>(I)- rFlr consumables that are required to TC'"Jlr9" ODlP l. 'r h(l)-"l" ll1C w~ h.-rV"k .f r"'l..f il 1'1:f(1)- r """° l.:,. start the mining operation in accordance with the work p,{r(I)-'} (1 OD "f. OD C r"'l..fil "f 1\- ,_. ' Federal Negarit Gazette No. 39, 12"' July, 2022 .... page 14282 oo"f t,, J' ?'":f, "'I 7i'It,?' ":f '1.S h '14! program approved by the o:J>?'":f h1-?"~h <l>t'.'I' .,, .etr<;I\- 1 Regulatory Institution free of customs duties; .ft) fh',(l,f-~ tD.e9" fh~-f'~ ~t'.'.ti c) The holder of a small scale or I'"'/ o ~ '} "'/9" t'. :,-. 'l I\ t.. :l" ~ f 9°C :,-. large scale mining license who P' 6-t»- '} (l 'I.,, ~t'.){ ""'I ii,,. 'J,, :,-. wishes to embark on a major ll. t..A. ..,..,.. f "'/il<i-k J' tD- 1,:,, ~ (l t.. :J> ~ mine production expansion shall na.1.. t»- 'l I\ ilA. "J '} l'l. 8~:,, I\"'I ll<i-k J' have the right to import free of P' 6-t»- f "'l.J' ii t..A..,. OO"[l,J'?J°:f 'J; customs duties, equipment, "'l1i'l{',?J":f-1 ,_..,.. h '14: {J :J> ?' ":f "} machinery and consumables needed for the expansion provided that the Regulatory Institution has approved the expansion program; 00) f 'l tJ'l 'e "'JO~"} "'/ 9° £. T '11\ t_ :J" ~ d) The holder of artisanal mmmg lD .e9" h '(jtp ro J'. 9" 1 t'. ;J 'J t I\ "'19" t'. :,-. license or the holder of any f "'l. J' ll ":f A t..:J> ~ J' l\t»- "'l'J ~ t»-9" construction minerals mmmg flt'JllT6-h7i'J "'Jo~'J "'Jcrt'.:,-. licensee issued for the mining of '11\t..:l" ~ OH.U 'JO-ll-h 14'1. k~A. sand or selected materials shall -t-6- (U)• (I\) h<; (.ft) f-f'oo/\h-1:T not be entitled to exemptions f 7- 9" ?oh 4't'. 'I' 'l'I oo 11-r -t-m :l""'l. from customs duties and taxes under paragraphs ( a), (b) and (c) h J'.lf "}9" ; of this Sub-Article; w) o "} f"'/ ~ 9" Coo 6- P' t,. '11\ t.. :J> ~ e) The holder of a mining license I\ "'I lJ ~ 'J P' 6-t»- h "?'l 11 'l-r J' ii :ft»-1 may import free from customs oot'_jf ?' ":f I\ oo(l-()(1-(l f "'l. Y{I t..A "I duties aircraft, helicopter, drone and/or other exploration h <; I ro .e9" lbfr'":f I\ P' 6-t»- h °l'l 11't -r equipment for the purpose of f'l:fco·1 foouoCool,J' oo"f{,J'9'°:f collecting relevant information h-f'.f,"J "Jl',t»- 00 {It, J' 0.-r ~ .,~ for the mining activities after secunng recommendations from ll.J'1~ h.,.t'.'I' 'l'I m~ ll1C CD-ll'I' the Regulatory Institution; "'Jll1'l-r J'. °:f-'IA.; Federal Negarit Gazette No. 39, 12" July, 2022 .... page 14283 L) "7'} ~ ro-'/° '1 I\ L :J> .(- f-t L-,. ~ I\ -l-'} f) The holder of a mining license · OD"'t /, f fP "f h 'i'" °7 7i ', /, fP "f O°7 l, _(-'} who 1s unable to import °7'1° L -l- :,, .(-OD 11'7~ -l- 1. H. "7ii 1'1-l- equipment and machinery at pre- tiA:F I\ "7" .(-'} "7'1° L:,. h )! OD L O:\ "\ development stage may import hilh h'J°il-l- '¼OD'T '11\ro- i.rt. ro-il'I' such goods within five years from h1-'1°"-h -,.L'I' 'i' I'\ "7il1'1-l- the commencement of production .e.'f"\ A : : free of customs duties. JI 0"71,.(-'} 'P ."J '\.f. -f'Q;t.°76 h(l.-l- "?hA :- 2/ Value Addition on Mining "?'}~ro-'/° fOD:t,Lb l,F.. '1'011 a) The holder of a handicraft license U) or a refinery licensee who is .e '11\ L:J> .(- ro 'I° f "7"1 t:--l- '11\ L :J> .(- engaged in the export of minerals l\m-61!" 10 J' f "i-,.C 11 f "7 l, .(-'} 'I° C-l- may import equipment and f"t J' OD C-l- hll''I 08F..-,.m- f P't:-- machinery that are needed for its T (!''7 t:--'I° ODIP L-l- I\P' t:-m- hm-61!" operations in accordance with the V1C roF.. h..-l-r-k f f"ifil1'1:fro- work program approved by the OD"'t /, f fP "f h 'i'" °77i ', I, fP "f h1-'J°"-h Regulatory Institution free from -,. L 'I' 'I, .f. I.I' 'i'" I\- 1 customs duties; I\) OH.U '}O-il-h '}-,.1, kF..A -tt:-- (V) b) Notwithstanding the provisions of f-tF..'111ro- ll'iC9" h1-'1°"-h -,.L'l''i'" paragraph (a) of this Sub-Article ,rhil .,, "7il1'1-l- OD-(1-l- 8'}.Y. the privilege to import goods free f"i~fro- L:J>~ h-tl'1tnO-l- -,.'} of customs duties shall remain h '}ll .Y. I\ r '¼ OD'T 11.r .f.lf'i'" A 1 valid only for three years from the date of issuance of the license; r/ f'IJI~ h'i'" fj{J.-tC"?A P't:--!P"f:- 3/ Petroleum and Geothermal Works a) Any holder of an exploration V) "?'}~ro-'I° f?"CODt:-- '11\L:J> .(- ro.er license or his contractor may fhCl'I- -t!(> t:-61!" l\p,t:-m- import into Ethiopia equipment, f"ifilLA 1-'i'" 08F..-,.ro- f P't:-- machinery and cop.sumables that TC''?t:--'I° ODWL-l- hm-61!" V1C roF.. are required for its operations in h. 'Tf-k J' f°tfil1'1TlD- OD"'t/,J'f""f: accordance with the work "77i ', I, !P "f h 'i'" h '\<I: " .... !P "f program · approved by the h1-'1°"-h -,. L 'I' .,, .f.lf'i'"I\- 1 Regulatory Institution free from customs duties; .. , Federal Negarit Gazette No. 39, 12"' July, 2022 .... page 14284 ft) "'I'},;: a,-9" f ', ~ ~ CD J', 'I° f j{}.-f'C "'I A b) Any holder of Petroleum or "'19" l.:,. q fl L .4' .e- CD J', 9" f h C(I. Geothermal license or his -I'!#: t. "I!' CD Y. h.:,. r- k .f f "'l..f ii 1Q :fa,- contractor shall be entitled to f ~~ C: fj{}.l\"j{~A: fj{}.k~~A: import into Ethiopia all drilling, --------- f "'19" l.:r: f "'I H,.'..I):{: f "'I lll l, .f, geological, geophysical, "'I:}:} 'If h <; (\,{\" ";f- (\., ~ ~ h <; production, treating, processing, j{}.-f'l. "'I A P' t. 9'":f- hil LI\1.. flf 'l- transportation and other uo"t t, 9' ":f-'i' l>:t'!P":f- f}tfC: fQ:t.C machinery and equipment llD :}:} 'If 9' °;f-'} h ', (\, (\" ";f- f llD:}:} 'If necessary m Petroleum and UD"t {, f 9' °;f-"}', UD (\ <p CD""'I, :fa,-'} Geothermal Operations, including al. 9"C ft P' t,.a,- "'I ii L "'l.Y aircraft, vessels, and other transportation equipment and f "'l..f ilLA 1a,-1 't ~ ~, h."'I. ~I\" ";f-, parts thereof. Fuels, chemicals, HJ',:,.: :,»q:,. <; UD (\ 'P CD 61i/.9' ";f-, lubricants, films, seismic tapes, kA 'l"":f-: '1 J'.11 "'l.h -I: ;r ";f-, -1'1-1> '1.4'7i house trailers, disassembled O...Y.. °;f-, -1'1-I> '1.4' 7i 0. C 9' ";f-<; prefabricated structures and other -1'1llllll"'l. il:i-t.h:fC";f- fi'L;J-1: materials necessary for Petroleum ht;:w";f- h'i' fl't~~ rt. h'i' and Geothermal Operations free j{}.-f'l. "'I A hil LI\ "I. f lJ''l- fl,l\" ";f- of customs duties of any kind; ~'1 ~ (I ";f- hr9"~h -tl.'I' h'i:.f!P":f- .,, J'.lf'i'I\- i th) fa,-"f!' U1C flf'l- f't~~ QflL.4'~ c) Expatriate employees of a CD J', 9" f -r!#: t,. ac i'-1> a, l, wt,. -t- ,;:";f- Petroleum license holder or the CD Y. h. :,.r- k .f f "'l. .fii 19., :fa,- f (l,:,. contractor shall be entitled to l> .4' 9' ";f-<; f °I A uo 1A 1.f 9' ";f- fJ'}-f'a,- import into Ethiopia household goods and personal effects free of n"'l.(lt--Q :fa,- ;,..1":f- uo w z.:,. hr s,u~h customs duties, of any kind in .,, l. 'I' h'i: .,f' 9' ";f- .,, J'.lf 'i'1\- : : accordance with prevailing Laws. 4/ Biofuel Works a) Equipment and machinery · U) imported by the holder of a (\,P't,.a,- biofuel license for its activities to TC°lt'.-9" uowz.:,. be carried out based on the work f "'l. .fii LA r ha,-"J!' U1C . CDY. program approved by the 1'. :,.r- k .f f "'l. .fii 1Q :fa,- UD"t {, f $P ";f-<; .,,l. 'I' ., , regulatory agency depending on the type of license shall be imported free of customs duties; _-_ ---;--~ Federal Negarit Gazette No. 39, 12" July, 2022 .... page 14285 I\) llH.U 10-il-h14'7. ~S'.A--tt- (U) b) Notwithstanding the provisions of. .~ '\ f-t..\!~111D- (l'iC9" hr9"'i-h <f>/.'1' paragraph (a} of this Sub-Article I ~'l f"'li'l1'l:,-. oa,(1:,-. 81..Y.. f"'l.4'-flD- the privilege to import goods free 1,.:J'~ h-t(lm(lr .,,., h1il..Y.. t\(; of customs duties shall remain .;*, ~ .r'I ,aa...,.. ,(I~ J',lf 'i" tu valid only for 5 years from the I ,, \ date of issuance of the license; ?;J nn.u "'"""' aau,1.:,-. hr9"'i-h 4'1.-r'i" 5/ Any item imported free of customs ;rhil ~, lf'i m>! h. :,-.r-A- f f1'l /J:l' duties and taxes into Ethiopia "'I.~ il-1:'i- n:,, ~"'l.f I\ .e. 1,.:,, ~'i" -t1Q1D- pursuant to the provisions of this f r9" 'i-h .,./.'I' I\J',ht.An:,-. hJ',-ttl/\~9":: Article may not be transferred without lf'i 9" -t4'>t1Jt1J&ID-1 'l /\ ii A t1J 1 (l:,, ~"'I. J' having obtained permission from the ll"'I ii t..,. ~ /J :J> ID-1 r1-9" -;.h .,,1.-r Ministry and paid the required duties; I\J',ht.An:,-. ooA(l hU1C "'lilmllJ:,-. mJ',9" provided however, that such item may TOD I\ f\J', f.,. I. 'f' ~ 'l OD fl T t) I\ ID- (1(1)- be re-exported free of customs duties or transferred to persons with similar "'/ i'l-t'\/\ fi: _e.~'\ A ; duty free privileges upon the permission of the Regulatory Institution; 'j,/ t\H.U fS'.1ct hfi:A ht.'189" "hi\<t /J:l'" 6/ For purposes of this Part of the "'It\:,-. I\ "?/J~"); /\ ~~ ~ h 'i" t\:,:Cl>-tC"'/A Regulation "Consumables" mean P' t-?> "f f "'1. f (I I,. A °I h."'I. '1 A 1 ~ "?"'I. r chemicals, dynamite and other 'A\ h 'i" I\. I\" "f "'/. ~/l -1:'r (l"'/. f <JJt1JID- ODOD bf materials to be used ·for mining, '' r"'l.u 1.11 t-rlD- iJ :J> fP "f c; r ID- , , petroleum and geothermal activities specified in a Directive to be issued by the Ministry. b~A Arll-l- fABifJYE f ;thll "7114:tf,_.J: All-,.Jl"'C ADMINISTRATION OF TAX INCENTIVES Ii. a,.,q;1: a\:t:rJ: "ll: lli\oou~, <tx-rc 17. Control on Building Materials 1/ An investor who is entitled to import bi nn.u >!111 oolP1.:,-. l'°l'>IJ:1- li:l'!P°f'> building materials free of customs h<f>l.-r ~'l ms>. U1C h 1..';.fi111J f-tt.<f>S'./\:,-. 'l/\U-0...,.. f°l 1'1;1- li :l' !P :J: i\;l-i\ OD(IJ- ,-t"'I duties and taxes in accordance with this Regulation shall submit every quarter f,Pft. oalf'i-1 f"'l.fill.~ f°111J;t- L:l' ~ evidence, approved by Government lJ(lmlD- f~°IP':,-. oap,&f 0,:,-. f-tl..,'.)1m office assigned to give construction "'I ill.1': nf Y- ~:,-. m'i- "'I:,, 1.11 htt n :,-. 1 permit, which shows that the materials are used for intended purposes; ' Federal Negarit Gazette No. 39, 12" July, 2022 .... page :4286 JI 011.U h. '14'7. 'JO-ll-h. '14'7. (ii) r-t-m<f>l'lro- 2/ The provision of Sub-Article (1) of 11.h. ")~ll-r& :r eh °1'1 'l;t- -t- t. 'l"'l. this Article shall not apply to h J.', O' ") 9" ; construction of Industrial Parks; i':I "'l). ll-t--;.. () II. u h. 'J <f> 7. 'J 0- ll- h. 'J <f> 7. ( ?i ) 3/ The Ministry shall by a D;~ective uo wt. -r 11.. 4' C()· f "'1..1'1 :fro-") °1 ll t,."J{ !P "f prescribe the type of evidence and for '¼ J.', 'i-r h c; I\. "'l ") "'l -l> t.11 'h ") -'I I\. O-l· whom that are required to be submitted in accordance with Sub- Article (I) of this Article. !~. r-,..,.,q,q~ ou{l~f 0.-f-'f: fCDA. -t-'7Q~-r 1''i 18. Common Duties and Responsibilities of 2"14'.~-l- Regulatory Institutions -f".f', "1 "1 & uoll& J' O.-r- "f: - The Regulatory Institutions shall: iiI 'l I\. U11-I: r10. °111 C "'l () t.;t-:r -t-m :J>"'l,. 1/ ascertain the following to the Ministry uoO'") h ") It "f A I\. "'I. t ll ·1;-;.. r "'I. hi" I\. ro-") to enable the investor to be eligible for tax holiday privilege: "'l l.."J16liJ. J.',l'l"ll\.·: - a) that the investor has obtained U) 'l l\.U11-I: r '1°1 f: t. :I' f: h.w-'f'-r- business license and started h f-f" ") <f> I} <f> (l {11\. OD IJ' .,. 1 operations; I\.) 'l l\.U 11-1: 9" C-r °19" l.-r ro J.', 9" b) the date on which the investor h.1A °11\."-r uollm-r r;e:uot.()-r'J 1.rf.; started production or rendition of services; 2/ submit a proposal, to the Ministry, fool]''} "'J(I t.;t-:r r"'l..t.,,.,: II.:,. 'll\U11-r regarding the list and their exact and OJF.. U1C I\..J'll1'l:fro- r "'I. "f II.- current market prices of equipment, l\.h_ ") 0 {1-r OD ")-f: h.llt.'1.1. fO''l- lJ:J>!P"f that may be allowed to be imported by Investors that are required for its 1fC1fC h c; :,. h h I\. i;: h c; (Do/ ;t-'e 'P ."J:fro- operation free of duties and taxes in (I "'I,. OD I\. h-r I\. "'l. t ll i: -;.. rw-tii U'111 accordance with this Regulation; J'<f>C'll\.·; 3/ participate in setting standards or eligibility criteria for entitlement of l'"'l.J'1 I\. °11\.- uo{I t. c-r- "f (l"'l,.H ."J ~(1-r 1. rt. tax incentive. J.', ti-t-4-1\.- ; 4/ submit to . the Ministry quarterly · ~/ "'11l1ro-19" 'll\.U11-r h<f>t.'f' 'i'l O''i roF.. reports that show the items imported U1C J'll1'lro-1 lJ:J> 'P ;Jro- ')-.<; <f>& free of duties and taxes and the f-f" F..t.1ro-") <f> t. 'I' uo m ") f "'l.. J' '1 J.', & r e-r amount of duties and taxes forgone () r-;.. 11 '¼ uo-f: I\. "'I. t ll-t--;.. J' <f> C'l 1\.- ; with respect to eac_h investment; --. ------: -~ Federal Negarit Gazette No. 39, 12" July, 2022 .... page 14287 l: I tVI t\Q1l-t: 5/ carry out annual evaluations on the "'/(IZ.:J':F ,.., f-t-17(1)-'} 'l''P?" 0-t-t\.('.9" benefits that · each investment has f P'? IJY:A (loo'j:mC: f(l)-"J!' ?"'}lit brought m terms of creating "J~-l-'} 0"7ti~ "I Z.1Y: hJ''}-'I '}~ 'lt\U1l-l- employment opportunity and earning t\U1 t-t: J'il11 (I)-'} 'l''P?" f "'l.J' ti ,.e t;r C-l- foreign currency and report the same f (I 1::,. '¼ oo-f: 0-t-m <; <#><#> (I Y' ii:,. roe 1. H. to the Ministry not later than three (1)-il'f' t\°'i.lil-1:?- J'<l>C'll\-:: months after the end of the fiscal year. Ii. fb,,-l-r-kt b,'l'iilt+-,+ lt"?,'if'l -t-"'IQ?-l- 19.Duties and Resoonsibjljtjes of the AS: ~"4-~+ Ethiooian Investment Commi!ssiou flf.U ~ '},fl h '}<#>?i If; hm-4'1\J'. Y:"} .?1. Without prejudice to the provisions of ,. '}~,t,m(I<#> lf'i rh. :J-f-A- .r h_ '}iiil-l-oo'}-}- Article 18 of this Regulation, the Ethiopian fl"'l. 7i '} f "'l.h-t-1\- -l- -t-"J'l C h <; :}I\ k ~.y. ':f Investment Commission shall have the J'.'i?-;rA:- following duties and responsibilities: i/ f h. '}iiil-l- oo '} -l- L-4' Y: f l'I aff (1)- lJ I\U1l .Y. ':f l/ In accordance with this Regulation: 011.v ~'},f} oowz_:,. :- U) hr?"?-h <1>z.,,. ~, foolf'} "7(1 £.;T :F a) accept applications for duty frei l\"7"11-l- (I ,t," £. ,"J(I)- P'C'¼-l- privilege from investors who have acquired investment license \ h°?ti~~:,. f "'l. J' <I> C(I--}-'} "7ooAh:F ' through the system developed; .('.<#>01\A: f"'l(IZ.;J-:F 'I' .r-t(I)- f)(J}ll)(I)- verify whether the request for °'l. l ii-I:?- ooootJ' ."JC incentives is consistent with the r ,t,ll) ll)oo oolf).'} (loooocooc Directive issued by the Ministry, J' z.;, "J"l A: hY:;,'j: ;,c t\ (I)-la ). transfer the application with its t\ °'l. l ii-I:?- .fil-t-1\ A -S. A 1 recommendation for approval by the Ministry; t\) b) accept applications for tax holiday from investors who have acquired investment license through the system developed, verify whether the request for incentives is consistent with the .rz.;,"l"lA, hY:;,'j: ~1l-'1~ ;,c Directive issued by the Ministry, transfer the application with its I\ a,;.ti). t\ °'l. l ii-I:?- J' il-t-1\A -S. A ; recommendation for apprpval by the Ministry; Federal Negarit Gazette No. 39, !2th July, 2022 ... pag.: i4288 f./ h"1'111~:,-. 'l/\ro- d1°/ ')..c; ODOD/,f ODW/.:,-. 2/ Through field inspections, reports, by rti·c;t-A ic; f"l'}'l;t- i,:P!P"f-'} ic; assigning supervisors or through any OD{\ 'P {JJ 6 -..1, !P "f-'} h.,, L 'I' ~ 'I {DY. (}1 C other means ascertain that the investor 'h '}-'t f {11'1 ri' t...,, Y.l\ :,-. 'l l\ 011 :,. ,., :P !P :r: '} granted duty free privileges to import l\;t-l\ nu'\ :f (I)- '} '\ "'/ f 'P {\ ODIJ' 'I-'} capital goods, building materials and l\OD<f,fllmC (lOD{l)l ?"Ah;t-: n1,rc:,-., spare parts in accordance with the . -1'4-lllfll/, (luoODY,.11 Wf.',9" (II\,'\ "'/c;:fro-9" relevant laws and Directive have used HY.. i'h;t-;t- .e ~:,-. .e{\(I)- n:,-.:,-A ftl'tJ.I A. such goods for the · designated (If '}OD 1:9" I\ "'l. l {1-t~ f i' m :J> /\ /\ f h t. 'I 09" purposes; and submit annual 1,7·c:,-. f.',AtiA:: consolidated reports to the Ministry. 11. r A.t\"I: b.1all-l-001:,.1 r"71l4-4--r :,"''-~:,. 20. Duties and Responsibilities of other f-H\IIJ:fa,- nlt'\-r -1--;qt,.:,. A'i :,-l4-~:,. Organs with a Mandate to Encourage Investment h.'}o{I:,-. nu'}:,-.'} r "'I {14-4- :,-. ~" "- ~ :,-. f-f'(I a, :fro- Federal and Regional Government Organs r t..Y.lrA ic; rnAA hti'\:,-. fllf.U Y.'}11 h'}.P?i' with a mandate to encourage investment I ii /\h.:,-. f- *' f h. '}"fi {I:,-. OD'}:,-. ft "'l. 7i '} {'-f•(I ffi (D- shall have the same duties and i'"l'l /r ·} 'h c; ~'\k ~ :,-. f.',<;> lr:f'P A:: responsibilities granted to the Ethiopian Investment Commission under Article 19 of this Regulation.

21. Duties and Resnonsibilities of the Ministry of Revenue f1fl.!P°f- "'l.l{l-tC :- The Ministry of Revenue shall: /;_/ fi't..PY.ro- f1(l "111C ~'I {'ODIJ''i "'lflL;t-:r 1/ implement the tax holiday incentive "'l.l{l-t~ 1-iwfllro- ODOD/,f ;JC {'-f'fllflluu after ascertaining that it is consistent ODIJ''I-'} (lODODCODC r1n. "11IC ~, with the Directive issued by the OD11.,, '} i't.. 'l"'l. j' Y.C ,'JA ; Ministry; f./ h1Q "111C "'/ (I L;t-:r 2/ maintain a record that shows list of {'-f'(I <rJ:f ro-'} 11C11C: investors which are granted income {'-f'{l<rJ:fro-'} h 111c 0 ~, {'ODIJ''t 1.11. tax exemption, the length of period of c 11 OD:,-. 1. c; f "'l.J'O :J>n :,-. '} 1.11. r "'l. f ti .e such exemption and the time the tax OD11111 f.', f.', '1 A 1 holiday ends; r./ nIf. u Y. '} 11 OD w L :,-. {l-f'(lmro- h"111C ~ 'I 3/ maintain a record that shows t,'ie r ODIJ' '} "'lfl L;t-:r 9" n'} f :,-. r ;t-<rJro-'} r 1n. income tax forgone due to the "111 c r"'l. J' ti .e OD 11111 .e .e11 A i favorable deviation from the income tax law under this Regulation; .\ Federal Negarit Gazette No. 39, 12" July, 2022 .... page 14289 Q/ h1Q "1-0C 4/ submit annual report to the Ministry q t\U-0 .Y.':f 1fC1fC: within two months after the end of the fiscal year which, among others, (J-f'(I ffi(I}- h"I-OC ~, footJ'"} oo-fl-r shows the list of investors, the area of ?"h"> .f-r r :l'"l(I}- "> 1Q he; fblr'°f investment and the amount of tax oot:Jr ?'':f "} f"t.fti.e t,TC-r rn;e::,. '¼oo-f: forgone as well as other information. () -t-m c; <t<t (JU-t\-r fflC 1.11. (1)-{l'f' t\°tlll-1:~ .f<l'C'lA::

22. Duties and Resnonsibilities of Customs Commission r1-s,u~h tioi 7i">, - The Customs Commission shall: Iii f-t-L<l>S'.(1)- h1-?"~h <l>L 'I' ~, footJ'"} 1/ allow goods to enter into Ethiopia free "'J(} L:I' 7 °tlll-1:~ '1 ID"l(I}- oooot,.f ;JC of taxes and duties after ascertaining f-t-l1J l1JOD ootJ'~"} (loooocooc i,,:t, p,':f that the tax incentive is consistent h<l>L'I' ~'I tJ'~ (I}- IDS'. U1 C (1)-(l 'f' h">-".111- with the Directive issued by the .f S'.C;JA; Ministry; ef h"l-?"~h <l>L 'I' ~, footJ'"} "'J(} L:I'7 2/ maintain a record that shows the list r-t-"-.,, .,_":f (I}-"> 'lt\U-0.Y. ':f 1fC1fC: of investors which are granted custom f-f'IP"'J~(l-r"} fh.. ">iill-roo"}-r oo{lh he; duties exemption, the area of h<l>L'I' ~'I tJ'~(I)- IDS'. U1C f10--r"} {J:f'p>':f investment, the price of items they 'P;, h c; r :l'"l(I}- "> 1 Q roi .fti .e no 111-0 have imported free of customs duties .e.ettA 1 and the tax forgone; f./ 'lt\U-0.Y.':f hr?"~h <l>L'I' ~'I IDS'. U1C 3/ carry out post audit to ascertain that .fl'l 1!1. :f(1)- {J ,:t,?' :r- ":I' t\ 001\ :f(1)- '¼ 'I"'I items imported by the investor free of f 'P ft. ootJ'~ "} "'I L;J 1'1' f "t.fll ':f A f .("UL taxes and duties are used for intended >--'t-r -t-"l'lC .fhc;(l}-c; A; purposes; Q/ 'lt\U-0.Y.':f ()h. ">ii'll-roo"}-r "'lllL:1'7 IDS'. 4/ take legal measures m accordance U1C .fl'l 1!1. :f(1)- "} {J :f>?'':f t\:I' t\ oo t\ -r '¼ 'I "'I with applicable laws if proved .f 'I 'P ft. oolf ~ () >- -'t -r (t L;J 1'1' fJ"}-f"(l)- through post audit that the investor (l"t IP t-'1 :f (I}- ;,. .,.. :r- OD IPL:,. ;,. .'.J'e h C s,ujf have used goods imported under f.roll-'I A; incentive scheme for unintended purposes; ,. Federal Negarit Gazette No. 39, 1th July, 2022 .... page 14290 {;/ {llf.tJ J't')<f'?. ODWl.-r r-th'i'(l)~ -t"l'l&--r'> 5/ submit to the Ministry quarterly report 11"?...f ti ,e. r .;.11 '¼ OD -r t, T C-r r .;.11 '}uo 1: within l O days after the end of each 0-tm'i'<f'<f' OI <f''i'-r 1.lt h ').';.IJ-'I" '}OD;r'e quarter and annual report within one t,TC-r l'Ol-r '}OD,f: (l-tm'i'4'4' (JJ't ') .(" month after the end of each fiscal year roe 1. It on'! 'I' I\ oY. 't il-t<;. ..f 4' c 'l A , , on activities carried out in accordance with this Article.

23. Duties and Resnonsihilities of the Ministry of Finance The Ministry of Finance shall: 1'1'>H11 oY.'til-tC :- jiI (l If. tJ S:. ') 11 OD w l.-r I\ °'I (l l.:r ;F 11 <k I\ tJ'~ 1/ grant tax incentives to investments h.')iiil-r OD')-r h1(l "111 C ffl ,e. 'I" 4' l. 'I' ~ 'I eligible under this Regulation which f0Dlf') OD11-r l'oY...fil1~ r :rhil °'/Ol.:r:F entitles them to tax or duty ,e.(la,A ~ exemption; 1.1 r h.'>iiil-r OD '>-r "'/O l.:r :F I\,,.,.,,,:,. r 11:J>-r 2/ issue a Directive on the eligibility criteria for tax incentives, the list of ODODH~ OD{lt.,C.Y..'f'): h<l'l.'1' ~'I lf~O>- (l)S:. items that can be allowed to be U1C I\. 1()-- ro.e.'I" hU'lC 0>-il'I' I\. 111- imported free of duties and taxes or 11"?.'f 1\- {) .4' !P 'f ') 11 C1f C: r h ~ It. tJ purchased locally, and the r h.')iiil-rOD ')-r "'/(l l.;r :F !P 'f -t m .4' oY. documentation that shall be I\ 0Dlf ') 'I' ..f <I: 11"?. ..f <f'C (l- 'lt\U 11 .Y.. r provided to be entitled for such I\. ..f <l'C 9. :f 0>- 11"?.1'1 l'l ~ F- 'f ') 11 oY. ..f ti _e. privileges; f./ h..f')~')~ ,t-4',a,a,t, ODP,t,j' 11.-r 3/ monitor on a regular basis the f h_ ')ii{l-r OD ')-r °'/ (l l.;r :F l\:J' I\ OD I\ -r '} '\ °'/ performance of each Regulatory Institution with respect to ensuring !''PI\ 0Dlf~ ') (l"'/ l..'.11'1' l.1.(" ..fh'i' (D~(J)-') that tax incentives are used for -t"l'l C (l OD S:.(l ~ (r )e. ,:I' _e.4',a, tll&-A 1 designated purposes; of l'h. ')iiil-rOD')-r "'/(ll.;r:F (JOD(lm1: 4/ consolidate the forgone revenue and 'l"h'>..f-r !1,:rff/0>-'t 1Q ,.fm:J'At\A: report the tax forgone and the benefit r-tm.4' 1\1\0>- '> m..,, 11 h,; r h.'>iiii:,. OD '>-r acquired by granting such privileges °'I (l l.;r ;F 0>- (l OD(lffi 1: 'I" h't y:,. r-t1 "f 0>- ') to the House of Peoples' "':,.'I" roY. ..f ti .e. 1, r c t- o '¼ OD:r«e Representatives with its annual r OD '>"1 P' -r r "'-.,, 11 t,T c-r 0>-il'I' financial report and publish same ' O"'lti-t-r ' I\ ;t, 1111 -tro tir-'f 'I" h C '1-r annually; ..f<f'C'lA: (lf'}OD,f: ,e.tJ')') t,TC-r i't-r'l" l\;t,1111 _e.4,. ..f S:.C.?A ~ Federal Negarit Gazette No. 39, 12" July, 2022 .... page 14291 ' ~/ r--,.t.4' Y.w-1 f<l'G'I' 'h'i "1-0C "'J(IG;r;r 5/ maintain a database for monitoring OD..,.,..,., 'h'i OD.f."lmC f"'l..fll":f-A fODG)f and analysis of tax incentives g~nted; *-r .fY.~JfA; '!,/ r--,.o m- r,-.. 1 'iill-r OD1:,. :r "'la G:r 9'":f 1 6/ for purposes of monitoring and I\ OD.f."l m C 'h 'i "I A 7i I\"'/Y: G"I f "'1. .fll ":f-A transparency, shall maintain the (llfC~ 'h'i (lh_ 1.i;.ll-l-6 Y.G)f f"'l.h--,.1\--l-1 aggregate data on a sectoral and per indµstry basis of: ODG3f9'":f .e.e1-1A:- , . U) a) the amount of tax incentives availed for registered investors; I\) b) the estimate claims of tax incentives immediately preceding the current year; "'J(I G;r ;r 'I' .f'I: ; .-h) (I--,. .f II a,- ra,::,. '}OD-r 11..t.4' Y: c) the programmed tax incentives .e":f-"IA ..,.-Olr' (Ii)<} Y: r--,. .fttw-1 for the current year; f<l'G'I' 'h'i f"/-OC "'J(IG,:r;r; OD) 1\4'"1.e ra,::,. '}OD-r 11..t.<l'Y: d) the projected tax incentives for .e ":f-"IA --,.-olr' r;r<I' Y.w-1 f<l'G'I' 'h'i the following year; f"/-OC "'J(IG;r:r; ?,/ r;rhll "'J(IG;r;r (IU16-i: h.fl'i'"'l. "l.,e 7/ shall conduct cost-benefit analysis on f "'l. 'i' GOJ-1 ro-m. -r I\ "'I ro<} 'h 1 It ;r A the investment incentives to r--,.o mro-1 "'!(I G;r :r 'h c; a "'!a G;r :rw- determine the impact of tax incentives rh1 .f-r r--,.,,w-1 "':,,r f"'l..f<'l.e :,.1:r>; on the economy of the country. .fh'i ro-'i A :: PARJSIX MISCELLANEOUS PROVISIONS

24. Revocation of Tax Incentives liI r,-.. 10ll-rOD1:,. t. :J> .i;. r--,.oG 11a:,. Qttu-o:,. 1/ An Investor whose investment license r roo Y.ro-1 r:r hll "'!a G:r :r 'h 1 .i;.OD All is revoked shall return all investment .eY.G;JA; incentives acquired; ,. Federal Negarit Gazette No. 39, 12"' July, 2022 .... page 14292 i!I .ft\h"11l11 f-t(l)(I~ f;rhll "'J(}L;r;r9'°f 21 The Ministry shall determine, in a f "'l., OD I\ (I.(} T lJ-). 7' "'l., 'i, fl T?, (} "'l., _f (l)t1J(l)- Directive, the manner of return of ODOD /, _f .,e.(1)(1',A:: investment incentives improperly acquired. 1l~- 1,;rc:,. f"7:,.~,o ~"'-~:,."} QAooa,a,:,. 25. Penalty due to Failure to Submit Report llA'7,."IA. oocf>.o!ii. 1iI "'/', T(l)-9" f OD 1"1 P':,. ll I\ P' A "11 (I) .e. 9" 11 Without prejudice to the criminal or IPb--t?; Oct 9"h1 .fT ti.,e.'i L(I)- OrtU ~ 111 administrative responsibilities under ()-t~~11(1)- ODIPLT lll\;rhll "'IOL;r:r9'"f the laws that are currently in force, h L' fJ 9" ft. .f <f> C 11 f "'l.. 111 (I)-1 /,TC:,. (D _e. 9" any government official or employee ODL>f .f'l<f>LO h 1~tJ'~ fJ1-t(l)- who, without good cause, fail to 0"'l.. IP boll :f (I)- ;,. 'Jo "f OD IPL:,. 0 (I) 1 :e'. A report on the tax incentive (D.e.9" Ohll-t~ ~c f"'l.. 'ico:,. -tm.fcf!~:,. performance as provided by this h1~-tmO<f> tJ''i hllh E ((lllT) me Regulation shall be subject to a fine of f "'l.. ~c ll ~ OD (1)11 f 11 H11 OD<f, 6liJ. _e. <f> t1J A ; up to 3 (three) months of his salary; ii "'l.'i.ll-1:?- Ortu h1<f>?i" 10-ll-h1<f>?i" (1i) 21 The Ministry is authorized to impose f-t"l 1\(1)-1 f 11 H11 OD<f,liliJ. f OD t1J Ac; and collect the fine provided under fOD(l11(111 P'A "11 -t(l'f'.Y. ;J-A:: Sub-Article (1) of this Article. 1li. ooool,f f"7CU-"IT P'A."11 26. Power to Issue Directives "'i. 'i. ll-1:?- I\ rt U ~ 111 h L, 89" f "'l...f"111- The Ministry may issue Directives 0D OD/, .f 9' °f t\._f(D"l .,e.°f'IA:: necessary for the implementation of this Regulation. 1li. fooii,?1/,f t:"'l ,?1,SJ»'J: 27. Transitional Provisions 1iI "'i. 'i. ll-1:?- 0 rt U ~ 111 0 -t(lm(I)- P' A "11 11 Directives issued by Regulatory ODIP L....,. ODOD I, .f 9' "f h {I h"'l...f (l)t1J j'; Lll Institutions prior to the enactment of _e. U ~ 111 hOD(l)-tIJ ,f: () .{.:,. () -t.Y."1 t1J I, this Regulation shall remain in force OD ,,P' /, _f {l..Y,. "f f (l)fll- ODOD/, _f 9' "f until replaced by a new Directive to -t&.'"'i.~:,. .e.<f>'l''IA: : be issued by the Ministry by the power vested in him under this Regulation. ii O-t7iL(I)- fk 1'ii'flOD1T "'J(}L;r;r<; t\U1C 21 Tax Incentives granted pursuant to the (1)-{l 'f' ll I\ IJ11.Y. "f f-th I\ 1\- f P'b- OD{lfl"f Investment Incentives and Investment f "'l.. 'i. ll TC'"f 9"h c 0.:,. ~111 <k'l'C Areas Reserved for Domestic if(:li7i..~ ODIPLT f-t(lm- "'I() L;r ;F 9'"f Investors Council of Ministers ... -t &. ,"'i.~:r T(I)- .e. <f>'I' 'I A : : Regulation No. 27012012 (as amended) shall remain valid. Federal Negarit Gazette No. 39, 12" July, 2022 .... page 14293

28. Revealed and Ioavnlicahle laws lllJ1C 1/ Tax Incentives provided under the (1)-/l'f' 'llllJ-O.Y..r f-rhlll\- f Fir oo/lti r Investment Incentives and Investment f"'l.tllTCr 'rhC aT ~1-0 ~'l'C Areas Reserved for Domestic !ll!:l!l7i...~ (A1~-r?f?ftl) fh. 1iil'loo"}T Investors Council of Ministers "'I (I t.:J' :F 9' T "} f "'I., OD /l h.,, .t: "} ;J1, 9' T (I II. u Regulation No. 270/2012 (as ~1-0 -f'7it.'PA:: amended) are hereby repealed. ![/ hll. U ~ "}-fl ;JC f "'I., .4' t. "} "'/'i :f-(1)-9° ~ "}-fl: 2/ No Regulation, Directive or practice ODOD/,J' 011.U ~ 1-0 shall, in so far as they are inconsistent -r t. 1"'1..'IT with this Regulation, be applicable with respect to matters provided for in this Regulation.

29. Effective Date .eu ~ 1-0 Ot..~lr-A 'I y-,1,T ."JH.flJ :J'T'l" This Regulation shall enter into force up on hroflJCIT <1>1 1.'rC f6'i .etr'i A:: the date of its publication in the Federal Negarit Gazette. Done at Addis Ababa, On this day of th 12 July, 2022. 0-0J', AUOD.t: (/I.IC) ABIY AHMED (DR.) fA.Tf-k J' t..~lr'l'f! JJ.'l"hlrl\J''f! PRIME MINISTER OF THE FEDERAL I"' .-,.- •. ~T-0,\.b m-l-'lJ'. "'ltllTC · DEMOCRATIC REPUBLIC OF ETIDOPIA l -·~-- ~-· , 1\3 '¼ 00 -'t- h10. "111C ~'I I\ 5 '¼oo-'t- h10. "1-0C f ootl''} ~, r ootJ''} I\ 3 '¼oo-'t- h10. "1-0C ~'I I\ 5 '¼oo-'t- h10. "1-0C root/''} ~'I foot/''} I\ 3 '¼oo-'t- h10. "1-0C ~'I I\ 5 '¼oo-'t- h10. "1-0C f ootl''} ~, r ootJ''} 1 .1 .4 f 9" "111 JI J'. :,. "'19" <'.:,. I\ 3 '¼oo-'t- h10. "1-0C ~'I I\ 5 '¼oo-'t- h10. "1-0C root/''} ~., f ootJ''} 1 .1 .5 ro-t--'t- "'I.,.~ 11<i C 'l,S I ID J', 'J" f ro-t--'t- I\ 3 '¼oo-'t- h10. "1-0C ~'I I\ 5 '¼oo-'t- h10. "1-0C (1)-ffi...,. "f'} "'I 'J" t.. -'t- root/''} ~., r ootJ''} 1.1.6 f9""11l "'l?f?f Y,' . ,t-i;J;l."769>:Y. IDJ'.9" I\ 3 '¼oo-'t- h10. "1-0C ~'I I\ 5 '¼oo-'t- h10. "1-0C 1'1'<'. ~1e:Y. roJ'.r ll:rc:Y.,; fi'l.:rc:Y. f ootl''} ~., f ootJ''} (1)-fll. ..y.:y.'} "7 9" <'. :,. 1.1.7 fhUA re:,. ~m...Y.:Y.1 "'14'~/l(]C I\ 3 '¼oo-'t- h10. "1-0C ~'I I\ 5 '¼oo-'t- h10. "1-0C (~-I: -'t- "'I 'J" t.. -'t-1 lt J', m. 'J" C) f ootl''} ~'I footJ''} 1.1.8 ill.,,C "'l'J"t..-'t- I\ 3 '¼oo-'t- h10. "1-0C ~'I I\ 6 '¼oo-'t- h10. "1-0C f ootJ''} ~., rootr'} 1.1.9 "'ltil!"z.: ;Til;r "l.S/IDJ','J" foolt(ll\. 'J""1Cl°f'} I\ 3 '¼oo-'t- h10. "1-0C ~'I I\ 5 '¼oo-'t- h10. "1-0C "'l'J" t..-'t- f ootJ''} ~, rootJ''} I\ 2 '¼oo-'t- h10. "1-0C ~'I I\ 4 '¼oo:,. h10. "1-0C rootr'} ~, rootr'} 1. 1.11 (I ID" (It- 7i "'IC "'I 'J" t.. -'t- I\ 2 '¼oo-'t- h10. "1-0C ~'I I\ 4 '¼oo-'t- h10. "1-0C root/''} ~, rootr'} 1.1.12 -t-,f,A ..Y.. f-t-Lm. 0-'i: f"'l. ".t".t O-<;, ?f J'. I\ 2 '¼oo-'t- h10. "1-0C ~'I I\ 4 '¼oo-'t- h10. "1-0C "'I 'J" t..-'t- f ootJ''} ~., f ootJ''} 1.1.13 r"l.1illt-'t- oo<;' "'14'~/lllC I\ 2 '¼oo-'t- h10. "1-0C a I\ 4 '¼oo-'t- h10. "1-0C f ootJ''} ~, f ootJ''} Federal Negarit Gazette No. 39, 12th July,2022 .... page 14294 INVESTMENT AREAS AND INCOME TAX INCENTIVES SCHEDULE .It~' lK;:._ ;---.,-- : """,::; ,'.: --·- ,._ . ...... .. ' . Addis Ababa and Oromia ·-., ·;;:·./; 7:;: {. ·.· Investm(?!lt Area Special Zone surrounding Other Areas ·No'.'' ,: ;., ·dci _· :•• \ . . . . ·.• Addis Ababa . . 1 1.1 Food Industry 1.1.1 Processing and Preserving of Meat and Meat Exemption from Income Exemption from Income Products Tax for 3 years Tax for 5 years 1.1.2 Processing of Fish and Fish Products Exemption from Income Exemption from Income Tax for 3 years . Tax for 5 years 1.1.3 Processing and Preserving vegetables and Exemption from Income Exemption from Income Fruits Tax for 3 years Tax for 5 years 1.1.4 Manufacturing of Edible oil Exemption from Income Exemption from Income Tax for 3 years Tax for 5 years 1.1.5 Processing of Milk and/or manufacturing of dairy Exemption from Income Exemption from Iricome products Tax for 3 years Tax for 5 years 1.1.6 Manufacture of food supplements, additions or Exemption from Income Exemption from Income substances or starches and starch products Tax for 3 years Tax for 5 years 1.1. 7 Processing of grain products (excluding production Exemption from Income Exemption from Income . of flour) Tax for 3 years Tax for 5 years I. 1.8 Manufacture of sugar Exemption from Income Exemption from Income Tax for 3 years Tax for 6 years 1.1.9 Manufactu~e of Macaroni, Pasta and/or other similar Exemption from Income Exemption from Income food items Tax for 3 years Tax for 5 years 1.1. l O Manufacture of iodized salt Exemption from Income Exemption from Income Tax for 2 years Tax for 4 years 1.1.11 Manufacture of artificial honey Exemption from Income Exemption from Income Tax for 2 years Tax for 4 years 1.1.12 Manufacture of roasted and grinded coffee, instant Exemption from Income Exemption from Income coffee and tea; Tax for 2 years Tax for 4 years 1. l. 13 Processing of animal feed Exemption from Income Exemption from Income Tax for 2 years Tax for 4 years I ,. ... "' ' .' . . . . . .,, 1i II~~ ~,~ .~~~? _Ii~,.·.·:•.··. llAA'"l\.~~qrt.,>';f . . ' . -1-.-11 fli}tii'a'l-"t-au1-l- .. ,n,{lh 11-f~ ,.f-C'f.'Y':;Ac~ r1 . ·. .· .. -· . ... . .: , . .. . . ... . ·. . . ·.·- •. ..",/';" :,.,;: . 1.2 fODffl'J' .1'l_'}"'-(l-l-6 1.2.1 l'hAtiA OPffi'l' "'l'J"t.T t\ 1 qOP:,. h1Q '7-0c a t\ 2 '¼OPT h1Q '7-flC fOPlf'} ~'f fOPtfj 1.2.2 l'OJJ'. i m~ "'l'J"t.:_f. t\ 3 '}OPT h1Q '7-flC ~, t\ 4 '¼OPT h1Q '7-flC - !'OPlf'} ~'f !'OPlfj 1.2.3 ll.t- '),S/OJJ'.'l" 1'11.b- -fl:,,A "'l'J"t.T t\ 2 '}OPT h11l. -flC ~, t\ 3 '¼OPT h1Q '7-flC l'oolfj a \'OPlfj 1 .2 .4 I' "'I lJ f: i OJ .e 'I" I' :r 111- t\, t\" "f (D-'/?' "f; t\ 1 '}OP:,. h1Q "/{IC ~, t\ 2 '¼OPT h1Q '7-flC "'I?" t. :,. !'OPlfj ~'f !'OPlfj 1 .. 2.5 t\lt'\'l OPffi'l' "'l'l"t.T t\ 1 '}on-}- h11l. '7-flC ~'I t\ 2 '¼OPT h1Q '7-flC !'nolfj ~'f !'OPlfj 1.3 fQ;1.C? Q;1.C:i,'i' fill..+ 111-10.+l- .1'l.1"'-il-l-6 1.3.1 l'i't\J'~ I' at.C :I' a;i. C 'I' "I." t. .y. "f; "'ltt.?"f. :,., t\ 5 '}OPT h1Q '7-flC ~, t\ 6 '¼OPT h11l. '7-flC OP~,t-A, 001100,, "'Im 'i'.,,:,, h. 'i'IOJ .e.'I" l'ootfj ~'I l'oolfj "'11''1" (hA 'l 'I :,. i 'I J'. a;i. 'I" C ) 1.3.2 "I :I' ttJ.c:,,, he, f:C'i' ,,.,..,, hAIMT'i' t\ 2 '¼OPT h1Q '7-0C ~, t\ 3 quu:,. h1Q '7-flC t\,t\":f l'a;i.C :I' a;i.c:,, (D-lll.-f "f; O"'li"IT, !'OPlfj ~'I l'ootfj (I "'I:,, t\ '}"' (I "'I ta "'I 1' C ' O"'l~IJ:,., O"'lmihC: . OJCf:i'i' 41.00:,.; (loom(I:,, OJ.I.'.?" (I "'I il 'P-fl "'Im 'i' .,,:,, 1.3.3 hhA'l'lT Oili'1'C l'i'H.?~ a;i.C:I' t\ 4 '}OP:,. h1Q "/{IC ~, t\ 5 '¼OPT h1Q '7-flC a;i.c~"f, OJ J'.'l" 71'-t--fl OJ J'.'l" t:."I OJ.I.'.?" l'oolfi ~'I l'oolfj 'I" i "I~ "'I 'I" t. :,. 1.3.4 l'ai.C:I' ai.c:i- hA'l'ITi (filrc:r l\ 5 '}OPT h1Q '7-flC ~, t\ 6 '¼OPT h1Q '7-flC hA'l'ITi a;i. '}" C') OJ J'.'l" ,r>;,'1~ hlJ'\Ti l'oolfi ~'I l'oolfj (hhflfl6il) "'l'J"t.T 1.4 f~-'l'i' f~,'I 111-10.+l- .1'l.i"'-11+6 1.4.1 ~-'1 'i' t\,{fl "'It\ il t\ il 'i' "'Im 'i' .,,:,, (IJt\ 4't\ :,. t\ 5 qoo:,. h1Q '7-flC ~'I t\ 6 qoo:,. h1Q '7-flC Y..t.)!" (l;r"f ~-'I 'i' /1.{fl "'IA4-Ti l'oulfi ~'f !'OPlfj h J'. a;i.'J" C 'J") 1.4.2 IJ t\ 4' t\:,. Y..t.l!" O;r "f ~ -'I 'i' t\,{fl "'I A 4-:,. I' 1 Q '7-fl C "'I (I t.;r :_f. 1'1Q '7 -fl C "'I (I t. ;r :_f. h.('1~'1" 1t.r1~'J" Federal Negarit Gazette No. 39, 12th July,2022 .... page 14295 ;,, \ <' •• a AA' Iri~ioi:.&tia . ·... '"" ,,, ·.. •"''. - · ,, . . 1.2 Beverage Industry 1.2. l Manufacture of alcoholic beverages Exemption from Income Exemption from Income Tax for I year Tax for 2 years 1.2.2 Manufacture of wines Exemption from Income Exemption from Income Tax for 3 years Tax for 4 years 1.2.3 Manufacture of Beer and/or beer Malt Exemption from Income Exemption from Income Tax for 2 years Tax for 3 years 1.2.4 Manufacture of mine111l water or other bottled water Exemption from Income Exemption from Income Tax for 1 year Tax for 2 years 1.. 2.5 Manufacture of soft drinks Exemption from Income Exemption from Income Tax for I year Tax for 2 years 1.3 Textile and Textile Products Industry 1.3.1 Manufacture of different made-up textile anicles, Exemption from Income Exemption from Income fibres, spinning, knitting and finishing ( excluding Tax for 5 years Tax for 6 years apparels) 1.3.2 Finishing of fabrics, yam, warp and weft, apparel Exemption from Income Exemption from Income and other textile products by bleaching, dyeing, Tax for 2 years Tax for 3 years shrinking, sanforizing, mercerizing or dressing 1.3.3 Manufacture of made-up textile articles or sweaters Exemption from Income Exemption from Income or towels or carpets except apparels Tax for 4 years Tax for 5 years 1.3.4 Manufacture of textile apparels (including Exemption from Income Exemption from Income sportswear) and other accessories Tax for 5 years Tax for 6 years 1.4 Leather and Leather Products Industry I .4 .I Tanning of hides and skins up to finished levels Exemption from Income Exemption from Income ( excluding tanning of hides and skins below Tax for 5 years Tax for 6 years finished levels) 1.4.2 Tanning of hides and skins below finished level No Income Tax Exemption No Income Tax Exemption I ,. 1.4.3 f~>I (J)-1JL.Y.l- 'l,.'i/OJY.'I" ii 6 qoo-l- h11l '7-flC (hh{l(IUl) "7'1" l. -l- .,, f 0011''} 1.4.4 f ~>: OJ Y.'I" f ~>: "":,. h ""I."'I "'l'I" l.-r ii 5 qoo:,. h11l "1-0C '11 ii 6 qoo:,. h11l '7-flC foolJ''} ',1 fool/''} _-i:.s: 1 f 'l. '} a.-:'t 11)-IJL .Y.l-1 ('l. '} i;u. -l- oo{l '}tn:,, '}, ii 2 q oo-l- h1 ll "1-0 C 't 1 ii 3 qoo-l- h11l '7-flC flj(J)-~ ·- "'Ill" l.-r'} 'l. 'i 4' f;oo(J)- fTH,"Jif. f oolJ''} .,, f oolJ''} '. . ;. r;i;;i;u.:,.' 11)-IJL.Y.l-'l DD1"1tn'J"'} ()Y,i;u.'J"C) "'l'J" l.-r 1.6.1 TAT 'l.'i/OJY,'J" OJl.4'-r "'l'J"l.-r ii 5 qoo:,. h11l "1-0C '11 ii 6 qoo-l- h11l '7-0C fool/''} ',1 fool/''} 1 .6 .2 f OJl..,, .,,_ 11)-IJL-,.l-1 "7"" ,,_:,. ii 1 qoo:,. h11l '7-0C '11 ii 2 qoo:,. h11l '7-flC fool/''} .,, f oolJ''} f11l '7-0C "'lfll.;1-;I= f 11l "1-fl C "'I Ol.;1-:J= tt.r11'1" tt.r119" 1.8.1 oowl.;1-'1! h."'1. li/1":f'} (n.;l-'i A'} 'l.'i/OJY,9" ii 3 qoo:,. h11l '7-0C '11 ii 4 qoo-l- h11l '7-0C {I II)- {I&. 7i "L" l. .Y.l-1 i;u.'J" I!') , 'l. c;I OJ y, 9" f oolJ''} .,, f ooll''l ., y,1:e'Jf.1 n'i n'l"t.r "'l'J"l.-r ii 6 qoo:,. h11l '7-0C f oolJ''} '11 fool/''} 1.8.3 ouwt.;1-'I! (fou"f..out,f ~I.JI') T'\iltfl:f'} ii 3 qoo:,. h11l "1-0C '11 ii 5 qoo-l- h11l '7-0C 'l. 'iI OJ Y. 9" ll. 'l-f: t h ({Ill)- {I&. 7i) 1"7 'I' I(. f oolJ''} .,, f oolJ''} ir:J> p>:f '}'i 1"7 11)-IJL .Y.l-1 "79" l.-r ii 3 qoo:,. h11l "1-0C '11 ii 5 qoo:,. h11l '7-0C fool/''} .,, f ooll''l 1.8.5 4>/HI": '1Ct7i 'l.'i -t-oo()l)Y, 9"C-f':f-: ii 2 qoo:,. h11l "1-0C '11 ii 4 qoo-l- h11l '7-0C "7"104!.I' 'l.'i/<JJY.9" oolPl.;r'l! J'All''I- fool/''} .,, f oolJ''} h."7. ti ii" l-'J "79" l..,,. . - ....,_ th Federal Negarit Gazette No. 39, 12 July,2022 .... page 14296 .. ... ··.·· Addis Ababa and Oromia - -- -- - : ;_· ·,,.'- '.. Iteµi / .. '',' -. I .. I _. hiyi:stment Area . special amesuriounwng< :· . ,' ',,, Other~ .. No. . . ·:;., Addis .A:baba T _ I· .. . . .• . . . . . ·. .· ·· .• - 1.4.3 Manufacture of Leather products and/or accessories Exemption from Income Exemption from Income Tax for 5 years Tax for 6 years 1.4.4 Manufacture of shoes from leather or substitutes of Exemption from Income Exemption from Income leather Tax for 5 years Tax for 6 years 1.5 Wood Products Industry 1.5.1 Manufacture of Wood Products (excluding saw Exemption from Income Exemption from Income milling, timber making and assembling of semi- Tax for 2 years Tax for 3 years finished wood products) 1.6 Paper and Paper Products Industry 1.6.1 Manufacture of Pulp and/or Paper Exemption from Income Exemption from Income Tax for 5 years Tax for 6 years 1.6.2 Manufacture of Paper products Exemption from Income Exemption from Income Tax for I year Tax for 2 years 1. 7 Printing Industry No Income Tax Exemption No Income Tax Exemption 1.8 Chemical and Chemical Products Industry 1.8.1 Manufacture of basic chemicals (including ethanol Exemption from Income Exemption from Income and/or artificial fibers) and/ or green hydrogen and Tax for 3 years Tax for 4 years green ammonia 1.8.2 Manufacture of Fertilizers and/or nitrogen Exemption from Income Exemption from Income compounds Tax for 5 years Tax for 6 years 1.8.3 Manufacture of plastics and /or synthetic rubber Exemption from Income Exemption from Income raw materials in primary forms and rubber Tax for 3 years Tax for 5 years products i.8.4 Manufacture of Pesticides and agricultural Exemption from Income Exemption from Income chemicals Tax for 3 years Tax for 5 years 1.8.5 Manufacture of paints, varnishes or similar Exemption from Income Exemption from Income coatings and/or non-basic chemicals Tax for 2 years Tax for 4 years +.-,i 1.9 f O D I P ~ au.f:?).T re.-,. A'i fDDt:'="'i..-,. h.'),IJ.ll.-,.~ h 5 '}ov-}- h'lll. "HIC '1'l 11 6 '}oo:,.. h111.. "HIC fOP(f"} '1'l foolf"} 1 .9 .2 I\ (la,- h 'I A °lil"T f "'l.a,-A oo ~;','i.:,.. II 4 '}OP-}- h111.. "HIC .,, 11 5 '}OP-}- h111.. "111C "'I 'I° L.:,.. (hTfl:,.. "'I 'I° L.:,.. '> ai. 'l°C') foulf"} '1'l foul/'") 1 .9.3 ilh 'll'l<l-1'- h'IA °lil"T f"'l.ro-A =~;','i.:,.. II 4 '}on-}- h111.. "111C '1'l II 5 '}OD-}- h111.. "111C "'1'1° L.:,.. (h:,.. q:,.. "'1'1° L. T'> ai.'l°C') fool/'") .,, fool/'") 1.9.4 hao~::','i.:,.. ;::,c <f>'l'-t-'<i" "IT1·'IT 11 3 '}on-}- h111.. "111C '1'l II. 5 '}OP-}- h111.. "111C YI\ :fro-'} f "771"1. Y 9" C -f "f. "'I 9" L.-1-- fm>I/'"} .,, fo,,1/'"} 11 2 '}on-}- h111.. "111C '1'l 113 '}oo-r h111.. "111C fDPI/'") .,, I'oul/'"} 1.10.1 4'..il;t-A 1 <l.l'.a.i.9"C fT'\ilth IINll.·f--·f"} II 1 '}OD-}- h111.. "111C .,, II 2 '}oo-}- h111.. "111C '1'l fool/'") 1.11.1 oo{l;t-m-l- 1.<;/m.1'.9" fooil;t-m-l- m.l'.9" II 4 '}ou-}- h111.. "111C a II 5 '}o,,-r h111.. "1-flC fl\b-"'1.h ann..Y..':f-"} "'19"t.-l- fOPI/'") .,, foul/'") 1.11.2 I\ "'1,"}.Y.. "'/9",',-r 113 '}oo-r h111.. "l-flC a 11 4 '}on-r h'IO. "111C fOPI/'") .,, fool/'") f10. "1-flC "'lflt.:t-:J' J\J'i'fr f'lll. "111C "'lflt.:t-:J' h.1'119" 1.11.4 1''111 .\!'"} :>1'-'.'f-1 "'lm-"1-r <1.1'.a.i.?"C I\ 1 '}ou-r h'lll. "1-flC '11 II 2 '}on-r h'lll. "1-flC r~J;,.e m-m.-fl-1, ~,().', flt.~ h<; foolf"} '11 I'oul/'"} .,, b- c; .e-r r'i b- ~ 1;::, .e - -l!G. -r, ;J>c i> "'Im-"1-r h c; "'I'" c; <f>;J, 'l'I foul/'") Federal Negarit Gazette No. 39, 12'h July,2022 .... page 14297 products and inputs Tax for 2 years Tax for 4 years 1.9 Basic Pharmaceutical Products aud Pharmaceutical Preparations Industry 1.9.1 Manufacture of inputs of basic pharmaceutical Exemption from Income Exemption from Income preparations Tax for 5 years Tax for 6 years • 1.9.2 Manufacture of human medicines ( including Exemption from Income Exemption from Income vaccines) Tax.for 4 years Tax for 5 years 1.9.3 Manufacture of animal medicines( including Exemption from Income Exemption from Income vaccines) Tax for 4 years Tax for 5 years 1.9.4 Manufacture of Primary.Packaging Materials Exemption from Income Exemption from Income • Tax for 3 years Tax for 5 years 1.9.5 Packaging of Medicines Exemption from Income Exemption from Income Tax for 2 years Tax for 3 years 1.10 Plastic Products Industry 1.10.1 Manufacture of plastic products excluding plastic Exemption from Income Exemption from Income bags Tax for 1 year Tax for 2 years 1.11 Other Non-Metallic Mineral Products Industry 1.11. l Manufacture of Glass and/or glass of ceramic Exemption from Income Exemption from Income products Tax for 4 years Tax for 5 years 1. 11.2 Manufacture of Cement Exemption from Income Exemption from Income Tax for 3 years Tax for 4 years 1.11.3 Manufacture of clay and cement products No Income Tax Exemption No Income Tax Exemption 1.11.4 Cutting, shaping and finishing of stone products, Exemption from Income Exemption from Income marble and limestone excluding quarrying Tax for 1 year Tax for 2 years 1. 11.5 Manufacture of lime, gypsum and/or similar No Income Tax Exemption Exemption from Income coatings Tax for 2 years -· . , 1.12 foolP~'f! -04:r -Ot.+ h.'l~ll+t /f"761:") "'IIJl"'IJ+'l ltJ'.iA'l"CI l\6 '¼ou-'t- h11l. "1-0C ~, f 001/"'} 1.12.2 ODIP/.;J-'I! fhO~'i" f-Ot.-'t- .eu-'t- fl\ATID" l\ 3 '¼oo-'t- h11l. "1-0C ~, l\ 4 '¼ou-'t- h11l. "1-0C -0/. ;J- -0 t. ..Y."f1 "'19" t. :,. f 0011' 1 1.12.3 h-Ot.-'t- h'i" "'1"1>.;J-'I! fAll''I- -0/.;J- l\ 4 '¼oo-'t- h11l. "1-0C ~1 l\5 '¼DD-'t- h11l. "1-0C -01.-r-"f ...,:i,l\'1'/"'l .e-ll-n'i" f-t-ll.ff. :i-c1"f1 f 0011'1 ~1 foul/''} "'I ID""l -'t- 1.13 All+t-b:fc f"T..f'll\'71\- r-o~ -01.+ a>-m.+l- h.'l~ll+t 1.13.1 f"'l'/'4-t,f h'i" f-t-l\ff. f-Ot.;J- -Ot.-'t- l\ 1 '¼ou-'t- h11l. "1-0C ~1 l\ 2 '¼ou-'t- h11l '7-0C ID" m. ..Y. l-1 "'19" t. -'t- (f ll.-'t- h -'I'> .f.C 4'>~ 1'i" f 0011' 1 ~1 fool/''} "7.fl "'IC1 ti ,e.ai, 'l"C) 1.14 flt'l""Cf.-t-C, fh.M+~'l.bll 1.'i" fbJ'.:r 6:"sPl- h.")~ll+t 1.14.1 lt'l"'Cf.-t-C h'i" -t-'\-'11 6.4'JD:f1 h'i"/cv,e.9" ii 3 '¼ou-'t- h11l. "1-0C ~, ii 4 '¼oo-'t- h11l. '7-0C r1.. t\.h-'t- ~ .,_ h fl "till"'f-1,; l'I t\.-'l ,,lo 1 f 0011'1 ~1 foot/''} "'I 'I" t.-'t- 1.14.2 fou1'i"li' UO"/(,.fJD"f1 CD.f.9" f~}£;J- l\ 3 '¼oo-'t- h11l. "1-0C ~, l\ 4 '¼oo-'t- h11l '7-0C 1..t\.h-'t-~'1.h{l/-1:t\. ii. 'ft-1, .<;.ii..<;.: t,.<;_ r- h 'i" f outJ''} ~1 foot/''} f oolt (I (I. -'t-16 .4' JI> "f 1 "'19" t. -'t- 1.14.3 fooilh..f; fonL-t-71'; foo:J'i;'; ii 3 '¼oo-'t- h11l. "1-0C ~1 ii 4 '¼Dl>-'t- h11l. '7-0C fou.f.mmt,f nnltt,f?>°f1 CD.f.9" l'l'¼-'t- foutl''} ~1 foot/''} "'19" t.:,. 1.14.4 ftJh'l"'i" oolt(,fJD°f1 CD.f.9" h:j,C{l-f"f1 /I 4 '¼oo-'t- h11l. '7-0C ~1 ii 5 '¼oo-'t- h11l. '7-0C "'I 9" t.-'t- fODtJ''} ~1 foot/''} 1.14.5 ftJh'J"'i" OD'°1(,fJ'>1''} OD1"!ffi'J" ii 2 '¼oo-'t- h11l. '7-0C ~1 l\ 3 '¼oo-'t- h11l. '7-0C foot/''} ~1 foot/''} 1 . 14. 6 f 6 .f.;J- CD .f. 9" f G:-f "'11 ?I' CD .f. 9" 00 "1~ Ill.A 'I! /I 2 '¼ 00 -'t- h11l. '7 -0C ~ 1 l\ 3 '¼uo-'t- h11l. 1-0C h 'i" f 6 .f.;J- °'l.. .<;. f 6 .4' JI>"f 1 "'19" I. -'t- f ootl''} ~1 foot/''} Federal Negarit Gazette No. 39, 12th July,2022 .... page 14298 Item .. - Addis Ababa and Oromia . Investment Area ·Special· Zone surrounding Other Areas . No. . . ··"' Addis Ababa . . ' . 1.12 Basic Metals Industry (excluding mining of the I' minerals) 1.12.1 Manufacture of iron, steel and iron products Exemption from Income Exemption from Income Tax for 5 years Tax for 6 years 1.12.2 Manufacture of basic precious and other non- Exemption from Income Exemption from Income ferrous metals Tax for 3 years Tax for 4 years 1.12.3 casting of iron and non-magnetic metals and Exemption from Income Exemption from Income produce such items in different shapes Tax for 4 years Tax for 5 years 1.13 Structural Metal Products Industry 1.13 .1 Manufacture structural and different metal Exemption from Income Exemption from Income products (except corrugated metal sheets fo:- Tax for 1 year Tax for 2 years roofing and nails) 1.14 Computer, Electronic and Optical Products Industry 1.14.1 Manufacture of computers and accessories and/or Exemption from Income Exemption from Income electronic components and boards Tax for 3 years Tax for 4 years 1.1 ·~ .2 Manufacture of c~mmunication equipment or Exemption from Income Exemption from Income consumer electronics (television, DVD, radio and Tax for 3 years Tax for 4 years similar items) 1.14.3 Manufacture of measuring, testing, surveying, Exemption from Income Exemption from Income controlling equipment and watches Tax for 3 years Tax for 4 years 1.14.4 Manufacture of medical equipment and supplies Exemption from Income Exemption from Income Tax for 4 years Tax for 5 years 1.14.5 Medical Equipment Assembly Exemption from Income Exemption from Income Tax for 2 years Tax for 3 years 1.14.6 Manufacture of optical instruments or Exemption from Income Exemption from Income photographic equipment or magnetic and optical Tax for 2 years Tax for 3 years media items -· . ,. : - . --- T; ; rh.1iill-f~1."f< or,MI -.___ .· .. . . . . fl 2 '¼DDT h11l "1-flC ~, fl 4 '¼DDT h11l "l{IC rootf'} ~, routf"} 1.16 f"'l'I° l.~/h1A"ltr'T ou{lMi, DD"ll,J'JP°f'i 6:J'JP"f h.'l>\.il:t-t, fl 6 '¼DDT h11l "1-flC ~, rootf'} 1.16.2 {I.A~ h1A "111.°·r r"'l.o>-t\• OO"f l,J' ?'°f'} fl 5 '¼DDT h11l "1-flC ~, fl 6 '¼DDT h11l "l{IC "'/9" l. T r ootf'} ~, ror,tf'} 1.17 foo~~'lf -t-"li'hCftt,p>";f >.'i A.A-":f r..-,.~,llrc+_ oo"tl,J'?'-:Y..1 "7?"t...-,. 1.17.1 r'l"-rC -r7ihCl]t,'}(ooh.'i") "'/9"l..-,. fl 3 '¼ooT h11l "1-flC ~'I fl 4 '¼DDT h11l "l{IC rootf'} ~, rootf'} . fl 3 '¼DDT h11l "1-flC ,f--) ;J- °;f, '} (1J f, ']" OD{\ 'f' (1J 61>/, $P "f '} '), ', ,f-'} >\ 1 r oolf '} ~, rootf'} h'1'\T'J "'l'J"LT 1.17.3 0110--C 'h'i" (1:,-&,.9" 00'}1~ fl 5 '¼DDT h11l "1-flC ~, fl 6 '¼DDT h11l "l{IC f "'l. i~ wt> 'I" t 7i"°f-'l 'h, .Ito- r rootf'} ~, rootf'} If 'P l, 'h "1 C J' '\ :f (I)-'"} -r 7i h C '1 t, ?' "f-'"} 'h 'i" _;J l, ?' "f-'} "'/ 'I° l. .-,. 1 :17.4 r'l"-rC -flllhl\.-1'-"f-'}: -tlllhl\.-f-"f-'} 'h'i" fl 2 '¼ooT h11l "1-flC ~'I ii 3 '¼ooT h11l "1-flC 11/\(tll.-,. 'h"IC -r7ihcti..:?'°f-'} oot..-fll.h rootf'} ~, rootf'} 1.17.5 '.i':All?'°f-'} 001'}'1.-,. {\ 2 '¼DDT h11l "1-flC ~, fl 3 '¼ou."j• h11l "1-flC l'ootf'} ~, r ootf'} 1.18 fO..-,.'i" l'{lC' fl 2 '¼ooT h11l "1-flC ~, r ootf'} 1.19 f'h~'!'O-tl: 1'1801.h.-,. 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1. "11. 'I' , I' ou- 11. :t' 'h 'i" f ll ;r C .-,. {J :t' ?' "f-'} I' ootf '} ~'I f'ootf'} "'I 'I° l. .-,. 1.20 h"111C'i ;,c r-t-4'<;)". r"'l'J"l.T h. '}>\.llTt, fl 4 '¼ooT h11l "1-flC ~'I fl 5 '¼ooT h11l "1-flC rootf'} ~'I ootf'} Federal Negarit Gazette No. 39, 12'" July,2022 ....page 14299 Item • No;• 1.15 Electrical Products Industry Manufacturing of electrical products Exemption from Income Exemption from Income Tax for 2 years Tax for 4 years 1.16 Production Machinery/ Service equipment and goods Industry 1.16. l Manufacture of general-purpose machinery Exemption from Income Exemption from Income Tax for 5 years Tax for 6 years 1.16.2 Manufacture of machineries used for different Exemption from Income Exemption from Income purposes Tax for 5 years Tax for 6 years 1.17 Manufacture of Transport vehicles and other transport equipment 1.1 7 .1 Manufacture of motor vehicles Exemption from Income Exemption from Income Tax for 3 years Tax for 4 years 1.17.2 Manufacture of vehicle components, trailers and/or Exemption from Income Exemption from Income semi-trailers or spare parts and accessories Tax for 2 years Tax for 3 years I.I 7.3 Manufacture of railway or tram Exemption from Income Exemption from Income locomotives as well as trolley cars and · Tax for 5 years Tax for 6 years wagons . 1.17.4 Manufacture of motor bicycles, bicycles and Exemption from Income Exemption from Income three wheel vehicles Tax for 2 years Tax for 3 years I. I 7 .5 Building of boats Exemption from Income Exemption from Income Tax for 2 years Tax for 3 years 1.18 Manufacture of office and household furniture Exemption from Income Exemption from Income (excluding those made from ceramics) Tax for I year Tax for 2 years 1.19 Manufacture of arts and gift articles, artificial Exemption from Income Exemption from Income jewelry, musical and sports items Tax for I year Tax for 2 years 1.20 Integrated manufacturing industry with agriculture Exemption from Income Exemption from Income Tax for4 years Tax for 5 years ,. ..... ·. . f h.'liill-l-1JD'1T ,n,{lh . M...11.il Ml'l'i' M.Jlil. MIil lf-4J'• f'tt.r:""IJ .AJ. 11'1 . . · flll.tl-':f ~fiq(V>'f- .. ·. ',,- --·-_ - 1.21 r11.. ">~fl-l-6 .rctn f 11.. 1 i;: C"'l. 7i 1 /I 10 quo:,. h11l '7-0C ~'I /I 15 quo:,. h11l I> "'I. f. t h. 7i "} -t-h'i" /\• j[ .rch1 i;i;i.9"(!'' ruotf"} '7-0C ~'I f uolf"} "'IA "'l-r h'i'" r"'lht-r-r .rt-!P":f- 2 2. '7-0C'i"' 2.1 fhC7f A "7-r 2.1.1 f<Jou;J--'f! 1'1-0ll-l- A"'IT 2.1.1.1 f-flC()<; !'h1-'1 (l-flil.•:f CDJ',9° f7i"Jl>b- r 11l '7-0c "'llU.:r :J' h .r1»;r /I 3 quo:,. h11l '711C "'iA°'lr ~'I uotf"} 2.1.1.2 r;i,q:,. htJil.·":f- "'IA"'l-r f11l '7-0C "'lllt.;r;J' hf1»;9" /I 3 quo:,. h11l '711C ~'I uolf"} 2.1.1.3 f'l't-'l't. htJil.•":f- "'IA"'lr r11t '7-0C "'lllt.:r:J' hf1»;r /I 3 quo:,. '7-0C ~'I uolf"} 2.1.1.4 hrhA..-,., ,;:b--.:&., 'hX-'PT h "} )t 11' 'I° /I 3 quo-l- h11l '711C ~'I /\ 4 qoo:,. h11l '7-0C r-,. t. :.11m r c 'I' 11 c "'19" t.-r 0Dlf"} ~'I uolf"} 2.1.1.5 r•l."t.-r 011/\"r"> "'lrt.-r h'i'" "'111.-.,i-r f11l '711C "'lllt.;r;J' hf1»;r /\ 5 qOD:,. h11l '711C ~'I 0Dtf"} 2.1.1.6 fh"}O'lr OD'i "'/A"'/r,/\ODJ.7;'.>tr~-'1-, /I 2 qOD:,. h11l '7-flC ~'I /\ 3 qOD:,. h11l '711C (\ 7i -f- : (\ :j, OD 9" ~ r h ', (\ OD It(\ (\. r f "'/.If ')- 0Dlf"} ~'I onlf"} (11](1• "f-"} "'I A "'I:,. 2.1.2 foulth/1~ "1.11. *"7.. -1-hll-':f "'IA"'IT 2.1.2.1 hfl'l °'lA°'iT /\ 3 qOD:,. h11l /{IC ~'I 0 /\ 4 qOD:,. h11l '711C uolf"} ~'I uolf"} 2.1.2.2 flC(l&,<; :i,uo"'i-:i,uo'J" "'iA"'ir f11l '7-0C "'lllt.;r:J' hf119" /\ 4 quo:,. h11l '711C ~'I 0Dlf"} 2.1.3 *"7.. 1-hll-'f- A"'I:,. 2.1.3.1 (l-<; 'h<;"/CDJ',9° 7i°J', :,,tnA "'iA"'ir ?"Ill '711C "'lllt.;r:J' hf1»;9" /I 5 quo:,. h11l '711C ~'I uolf"} 2.1.3.2 f'i"'/ tt<j;, Jf-l-1!'4,. h'i'"/CDJ','I" TA9" A"'l-r l''lll '7-0C "'lllt.;r;J' hf1»;r /\ 6 qoo:,. h11l '711C ~'I uolf"} 2.2 fh 'lilltT 11-0-l- A °'IT 2.2.1 ro...-,. ">-.11'1<'1..-,. 'h<;/wJ',r r~c 'h">ll<'I..-,. /\ 3 quo:,. h11l '711C ~'I /\ 4 quo:,. h11l '711C unlf"} ~'I uolf"} 'hc'l;t-- -,..,;- -t-'Po~ A "'lr("'i >'-11111 "f J', i;u. 'I° C ) Federal Negarit Gazette No. 39, 12th July,2022 .... page 14300 . Addis Ababa and Oromia Item · Investment Area Special Zone surrounding Other Areas No. Addis Ababa . 1.21 Development and rental of Industry Parle including Exemption from Income Exemption from Income ICT Park Tax for 10 years Tax for 15 years 2 2. Agriculture 2.1 Agricultural development 2.1.1 Annual crop production 2.1.1.1 Growing of cereals, leguminous crops or No Income Tax Exemption Exemption from Income sugarcane Tax for 3 years 2.1.1.2 Growing of oil seeds No Income Tax exemption Exemption from Income ~ 1 Tax for 3 years I 2.1.1.3 Growing of cereals No Income Tax exemption Exemption from Income • Tax for 3 years 2.1.1.4 Growing vegetables, fruits, herbs as well Exemption from Income Exemption from Income as certified seeds Tax for 3 years Tax for 4 years 2.1.1.5 Growing and processing fiber crops No Income Tax exemption Exemption from Income Tax for 5 years 2.1.1.6 Growing animal feeds, medicinal crops, aromatic, Exemption from Income Exemption from Income • spices and other crops for similar purposes Tax for 2 years Tax for 3 years 2.1.2 Growing of Medium-Term Crops 2.1.2.1 Growing of flowers Exemption from Income Exemption from Income Tax for 3 years Tax for 4 years 2.1.2.2 Growing of pepper and spices No Income Tax exemption Exemption from Income Tax for 4 years 2.1.3 Growing Permanent Crops 2.1.3.1 Coffee and/or tea plantation No Income Tax exemption Exemption :rom Income Tax for 5 years 2.1.3 .2 Rubber tree, Jatropha and/or palm No Income Tax Exemption Exemption from Income Tax for 6 years 2.2 Animal Production 2.2.1 Farming domestic and/or wild animals and Exemption from Income Exemption from Income production of their outputs (excluding Tax for 3 years Tax for 4 years fattening) __ .,' , O.t..llll l't!i'l'i 01'..llll hli'l .,._ oil ft.."J'iifl-ror,"}-r or,{lb OA.il"l- 1'tit'lR.SJ>".f H-6.(' t't.C'"U' Alt 11'1 2.2.2 I' ?,C: "!.SI m f, 'I° ho o/ ,;.. ::· 7... C 11 ;r h'i"' (\ 1 qun:i, h10. MlC .,, 0 l\ 2 '}on :i, h"J Q 0 /-0C unlf'} ','/ ootf'} -f·'Pt,>. A"'l:I. ' 2.2.3 '}11 ."'l',1.l/0 ?C "'l'l"t.·r i (', 2 '}no•} !l'lll }1lC ','I 0 ii 4 '}uo.'j- h11l '?-OC I =tr1 ','l uni)''} 2.2.4 I' ,hC ·1·A "'IA "'I:,-. i ii 3 l}uu:i, t11n. 0 /-0C ','/ II 4 '}m,."f· t111l '?11C ! uolf"} ','I untJ''} 2.2.5 IJ(la,- Olr 7i !1-.:. rcwc 7.'Hll\-rNti O?r 1...,. 1 ii 3 '}=·r h10. '?-fie .,., I\ 4 quu:,-. h"JIL '?-OC II =t/"} ~'I outJ'"} 2.3 l'·r"luo/. MlC', /1?'/,.C'ti.c;- 'I,. "}(lfl·r/ A°7T 0 t-, 3 l}on:i, h11l "/-llC ','l 11 4 '}or,,)- h1!L '?-llC =!J''} ', 'l ootJ' '} 2.4 J'.'} "'/A"'l·r '/,.', •l·•i"'l~ /-"tr?'":f- ii 8 l}un."f· h11l "11.lC ','/ ii 9 l}UDT h1(l '?11C ODtJ'"} ','l oolf'} 3 fooa''i"' 0r>'1'i?; -th'il\":( A.'''I:,. oo{lti".f 1. f(l<j:T'I/C A °7T 2. !'.'\;r D?t'ihA '/,.', iv'wr~ h1A "lil"T

3. (l 11'dl i'tw··r(IC(l '}'? TC'(lfl ii 4 '}on-}- l11CT. '?-OC ','I ii 5 '}DDT h1(t '?11C 4. \'{l;rC;rT A"'l·r l,'lA'?il"·r m>t/''} ','/ UDI)''} 5. f 'I" C 'I" Cl t. Ill tr 'I,.', f "'l ll Al'.'? ro f, 'I" f "'l A 67."f· P'{r 6. fh. '}G:C"'L7i'} -th',°il•'.il: h'lA '?il"T 1'11L '?-l!C D?Ht.;r;l' hf11'1" !'"Ill '?11C "'lllt.;r:J' hf11'1" 7. llh.'}i;'.C"'L"ii'} -th'i /\" >t i',.fl;J' f, -,.-,.. l'"'l.h', ID'!- l''JQ '?-OC "'ll!t.;r;J' h.1'11'1" 1'11l '?11C D?llt.;r:J' I ii./\"-:f. h 1 A'? ii• -f- -:f. h.('11'1" 4 f 21.11,ti:,-. 6h :"J1,A. "'I oo"Ja;.:h "'Ill -r"\~ <j:'i" ! "'1(1,t.g;i,:,. i ! ~. 4.1 I' h.1'1,llrt;h ? f,A "'I au'} i;i;i, ·l· \ (\ 4 '}on:,-. h11l '?-flC ','/ ii 5 l}on-r 11111. '?-flC ' i l JJrrolf"} ','/ I' unlf'} 4.2 r h.ll,n."/·t;n ? f,A "'l{H·i\l\~, ln3 l}un:,-. h1(l /1.IC .,.,0 ii 4 '}on."f· h11l /-0C 0 ' "'/ h ,;.. t. A ?uolf"} ','I \' ODtJ''} Federal Negarit Gazette No. 39, 12th July,2022 .... page 14301 2.2.2 Farming of chicken and/or birds and Exemption from Income Exemption from Income production of their outputs Tax for 1 year Tax for 2 years 2.2.3 Farming of bees/ producing honey Exemption from Income Exemption from Income Tax for 2 years Tax for4 years 2.2.4 Production of silk Exemption from Income Exemption from Income Tax for 3 years Tax for 4 years 2.2.5 Fish farming in artificial ponds (aquaculture) Exemption from Income Exemption from Income Tax for 3 years Tax for4 years .q' · 2.3 Mixed (crop and animal) farming Exemption from Income Exemption from Income Tax for 3 years Tax for 4 years 2.4 Forestry and related activities Exemption from Income Exemption from Income Tax for 8 years Tax for 9 years 3 Information and Communication Technology Development

1. Software development Exemption from Income Exemption from Income .2. Data center (bank) and cloud service Tax for 4 years Tax for 5 years

3. Business outsourcing process

4. Startup development Service

5. Research, innovation, enrichment and development works

6. Information technology service No income tax exemption No income tax exemption

7. Other services rendered using information No income tax exemption No income Tax technology as enabler exemption 4 Electricity Generation, Transmission and Distribution 4.1 Electricity generation Exemption from Income Exemption from Income Tax for 4 years Tax for 5 years 4.2 Electric power transmission and Exemption from Income Exemption from Income distribution Tax for 3 years Tax for 4 years ,. -I-Ac 5 . ·:__ ~ ·, .. - ll"-1:A'i' ..,.i"Hr ' ___ ·. --·':·_ ,1..,~ .· . · . . ·.. ; . •. -.lh·. ·:·:_ ._-- ..·.. --·· :_~- ,'', :-:.:<. :,: -_·:. :>._·;- ·." . ).1~>If,: .< f,l~i:~~::~ '!~l(/}8f\i;f{:~;J:: --\-.-::L}:,:/~:,.:.;:: . ··.z:-: ,, ·:_::'·:~-"-· ,;i\;ii~c;}.;. •. .·.· .. ··f .,,q1~ ;;;.::f,' ··• · 'li:ltft~ - 5.1 rtih11 ~,:::q- J'l\CD- 11'-l:Al,WCT 11'-l:A"} r10. '711C "'I (I t:.r :i: h.1'1°19" r10. '711C "70£'.:.r~ f,Q.9"C:/: 'l"-1: A ' ii"~ h.1'1°19" 5.2 rtih11 ~,:::q- .('{\CD- t.il .Y. t- "}.,,. r10. '711C "70£'.:.r~ h.1'1°19" r10. '711C "70£'.:;J- ~ h.1'1°19" 5.3 r >til11l'fFt· h1A"J(to:'f- r10. '711C "70£'.:.r~ h.1'1°19" r10. '711C "70£'.:.r~ h.1'1°19" 6 rti,ll-l-6-hil', P'6- -H:6-~'i-l- 6.1.1 ti1i1Tt-h"/1'1 P't- .,.*t-~'i:,. r10. "111C "70£'.:.r~ h.1'1°19" r10. '711C "'/(I t:.r ~ h.1'1°19" 6.1.2 r<D-'/ 1-~'l~ -1!4-C: r10. "111C "70£'.:;J-~ h.1'1°19" r10. '711C "70£'.:.r~ h.1'1°19" 6.1.3 r"'lb~1, r'i-'I ~ '},<; r](>..,.C"'IA -1!4-C: r10. "111C "'/(I t:.r ~ h.1'1°19" r10. "111C "70£'.:.r~ h.1'1°19" 7 r-l-ruc-l- A'i ilAm<; 7.1 ro-1\.,.li' ~,:::q-c; h<t:.,.li' T9"UCT r1ll "111C "70£'.:;J-~ h.1'1°19" r10. '711C "70£'.:.r~ 7.2 rou'f'bl\ u,c;:,., r>.1~;;: ~,:::q-c; ou{\{I.,.;;' h.1'1°19" IJ-{\.,.i;: ~,:::q- 7.3 r-1:hlhc; 00.J' ilAm<; (ilTc:,.c; f,Q.9"C:) >t1A "lil"T 8 fm.'i lt1A°IA--l- 8.1 -l:t.7it. fAI!- ll'il'C.rA h1A"lil"T (11c11-;. {\ 2 '}ou:,. h10. '711C 'i1 l\3 '¼°":,. h10. '711C "!). {I-I;-,;. O"!J' ID"l<D- ouout,.(' f°!(D{I"}) roul/'"} 'i1 fm,1/'"} 8.2 rl/'ii 'C.r A h1A "lil"T r10. '711C "70£'.:.r~ h.1'1°19" r10. '711C "70£'.:;J- ~ 8.3 f9"Cout- "'lbhA >t1A "lil"T h.1'1°19" 8.4 fht\.lh h1A "lil"T ~ _. / Federal Negarit Gazette No. 39, 12th July,2022 ....page 14302 Item: iJ:: 5 Hotel and Tourism 5.1 Star-designated hotel (including resort hotel) motel, No Income Tax Exemption No Income Tax lodge Exemption 5.2 Star-designated restaurant No Income Tax Exemption No Income Tax Exemption 5.3 Tour Operation No Income Tax Exemption No Income Tax Exemption 6 Construction Contracting 6.1.1 Construction contracting No Income Tax Exemption No Income Tax Exemption 6.1.2 Water well drilling No Income Tax Exemption No Income Tax Exemption 6.1.3 Mineral, petroleum and geothermal exploration No Income Tax Exemption No Income Tax drilling Exemption 7 Education and Training 7 .1 Secondary and higher education No Income Tax Exemption No Income Tax 7 .2 Kindergarten, elementary and junior secondary Exemption school 7.3 Technical and vocational (including sports) training service 8 Health Services 8.1 Provision of tertiary specialized hospital service Exemption from Income Exemption from Income (to be determined by a Directive of the Ministry) Tax for 2 years Tax for 3 years 8.2 Provision of hospital service No Income Tax Exemption No Income Tax 8.3 Provision of diagnostic service Exemption 8.4 Provision of clinical service ----------~~-=-----------------------~- , 9 fhCh.•1:h:fC :l'..'i fh. '1Jl)t,"}'7 P'lr!Pl-1 f-1:hth 'l"C oai-'i -r'l-K" I r--+-9-.1-fh_C_h._-t_h~:f~C-'h'i_f_h._1_}1'._~_l,_'}_'7_F_t-_!P_'f~,-.,,_-,,--+-f-1_!l_'7_11_C_"'/_fl_l._;r_;f_h_f_1_1_9"--+-l'-1(l_'7_-0_C_"?_fl_/._;t-_;f _ __, -i·IJ"?~ f-1:hth "?"?hC h1A'7WT hf"l19" 9.2 1'-tll'1.h 'J"Cuot,. 'h'i ;"/-'}-t-'i 9.3 fJ!),,Uf.h{l 'h'i f'l(lt,..Y..t, h"IA "ll\ 7" 0 10.1 1'4'11:l'IJ oo_,'.)H'} h1A'7il. T 0 ll!J-il.T .?too:,. h11l '711C ~1 l\ht,.:,. hou:,. b11l '711C ~1 f oolf'} 10.2 l'·HT1 •J."~T ('l.1'.w) oo;,H'} h1A°lw:,. I' oolf '} OP 11:,. UD11..,. ilh'J"{l:,. hoo:t- h11t '711C ~1 I' oolf'} 0011:,. f"lll '711C "?flt.;r:f hf119" l'"l(l '711C "'fflt.:r:f hf"l19" 12 i'1!l '}'7 f: 0- ;t- ,'J1f (IJ.l'.,'J" ClTOP'} "'f{IDP"IT 13 1'~1"'<\ 'l'7Y: f11l '711C "?flt.;r;f hf119" f"lll '711C "?flt.;r:f ~-'l~'i f~-'l~ 9"C.Y..'f'l "?:,,1.11 'h'i ft,.{l'l 9"CT hf"l19" (l~'}"'l uol'i'I' \ -·~.- Federal Negarit Gazette No. 39, 12'h July,2022 .... page 14303 Addis Ababa and Oromia Item. Investment Area Special Zone surrounding Other Areas No. Addis Ababa 9 Architectural and Engineering Works, Technical Testing and Analysis

9. I Architectural and engineering works and related No Income Tax Exemption No Income Tax technical consultancy services Exemption 9.2 Technical survey and analysis 9.3 Geophysics and laboratory services 10 Logistics Services I 0.1 Cooling Warehouse Services Exemption from Income Exemption from Income 10.2 Silos Warehouse Services Tax for 2 years Tax for 4 years No Income Tax Exemption Exemption from Income I 0.3 Dry Port Services Tax for 5 years 11 Capital Goods Leasing, excluding Leasing of Motor No Income Tax Exemption No Income Tax Vehicles Exemption 12 Import Trade No Income Tax Exemption No Income Tax Importation of LPG and bitumen Exemption 13 Wholesale Trade No Income Tax Exemption No Income Tax Supply of petroleum and petroleum products as well as Exemption wholesale of own products ,_