Ethiopia - Get Tax Refund or Carry Forward (Including Losses)

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Procedure

Apply In-Person:

1. To Get Tax Refund or Carry Forward (Including Losses), the applicant has to approach Ethiopian Revenue and Customs authority location link
2. Applicant has to get the form from the respective officer.
3. Applicant has to fill-in all the necessary details in the application form.
4. Make sure that the applicant has to attach the documents mentioned in the “Required Documents” section of this page.
5. Applicant has to attach the photocopies along with the application form.
6. Submit the completed form and the necessary documents to the officer.
7. The applicant has to pay the prescribed fee as per the authority request.
8. The authority officer will review the application and process the application.
9. If all the above-mentioned procedures were followed properly, the procedure will be completed within one to 3 months.

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Required Documents

• Tax Invoices
• Payment Slips
• Audited Financial Statements
• Capital allowances computation
• Detailed statement of profits from each transaction
• Audited Financial statements and tax computations

Office Locations & Contacts

Ethiopian Revenue and Customs authority
P.O Box: 2559
Addis Ababa, Ethiopia
Tel: +251-116 --62-98-00
Email: [email protected]
Website link
Details location link

Eligibility

Any person who intends to Get Tax Refund or Carry Forward (Including Losses) are eligibility to make this application.

Fees

• Fee for this procedure has to be paid as per the authority request.

Validity

Explain the time until which the certificate/document is valid.
e.g. Birth Certificate Valid Forever

Documents to Use

Please attach documents that might help people E.g. links.

Sample Documents

Please attach sample completed documents that would help other people.

Processing Time

• Processing time of this procedure takes up to 1 to 3months

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external 
websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

• Applicant must complete the application form before submitting. Incomplete applications will not be accepted.
• Applicant must provide genuine information while applying for this procedure.
• Applicant must be aware of income tax laws of Ethiopia and must be familiar with guidelines Get Tax Refund or Carry Forward (Including Losses)

Required Information

• Name
• Address
• Contact number
• Email
• Gender
• Age
• Proof of Employment

Need for the Document

• A tax loss carry-forward (or carryover) is a provision that allows a taxpayer to move a tax loss to future years to offset a profit. The tax loss carry-forward can be claimed by an individual or a business to reduce any future tax payments.

Information which might help

• At the federal level, businesses can carry forward their net operating losses indefinitely, but the deductions are limited to 80 percent of taxable income, businesses could carry losses forward for 20 years (without a deductibility limit).

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

Place some external links which might help.

Others

• Consider a tax loss carry-forward to be the opposite of profit, or a negative profit, for tax purposes. A negative profit occurs when expenses are greater than revenue or capital losses are greater than capital gains. This provision is a great tool for creating future tax relief. There are two main types of loss carry-forwards: net operating loss (NOL) carry-forwards and capital loss carry-forwards.