- Directive No. 1006/2024 exempts certain goods from Value Added Tax
- The exemption aims to ease the financial burden on low-income groups
- Goods produced locally and imported from abroad listed in the Annex are exempt from VAT
- Previous blanket exemptions did not effectively benefit the intended sections of society
- Goods exempt through previous directives will now be subject to VAT
- Exemptions under international agreements and arrangements for VAT payment are not affected by this directive.
Source: lawethiopiacomment.wordpress.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
