Public finance and taxation in ethiopia pdf file

Administration is of importance for another reason too. If you dont see any interesting for you, use our search form on bottom v. On this page you can read or download ethiopian public finance exam with answer in pdf in pdf format. Now this situation differs from that of the underdeveloped countries in that in the advanced countries both unemployed labour and all the productive. Mscprogram value added tax vat withholding practices and challenges acknowledgment. The masters program aims to attract especially qualified and motivated students. In order to provide for these program and services, the government needs revenues. Free tax books download ebooks online textbooks tutorials.

In this article we will discuss about deficit financing as an instrument of economic development. A comparative overview dasalegn mosissa jalata lecturer department of accounting and finance, college of business and economics, wollega university, post box no. As a federal country, the functions and duties of the government are divided between central and state governments and they are generally defined in the constitution. Sfi phd program in finance swiss finance institute. A guide to public financial management literature for practitioners in developing countries 2 recommended reading.

The principal taxes currently in place are company profit tax, turn over taxvalueadded tax vat, excise tax, customs duty, income tax from employment and income tax from business. As we are all know that taxation can be classified into direct and indirect taxes. Tax is very important for each and every government. Deficit financing and economic development public finance. This paper investigated empirical evidence on contributions of tax revenue for economic growth of. Experience in ethiopia by kibrom tafere june, 2008 addis ababa. Meaning, tax revenue, nontax revenue with classification of public revenue. Please submit comments in both a pdf and word file. The structure and performance of ethiopias financial.

Every government need revenue to lead the economic, infrastructure, medical, transport, education, telecom, electricity, staff, research, to concession, subsidies, free facility for the unable sector community in the country. Pdf public finance and taxation yonas moges academia. Lecture 3public finance in ethiopia free download as word doc. On recognizing the same, the department of accounting and finance, fbe, addis ababa university has introduced the course public finance and taxation for. The term taxation applies to all types of involuntary levies, from income to capital. The hurdle rate should be higher for riskier projects and reflect the. A country financial accountability assessment cfaa is a diagnostic tool designed to enhance knowledge of financial accountability arrangements in the public and private sectors in client countries, to be used by the govemment of the country concerned, and other donors.

Students will get acquainted with specific knowledge, skills and scientific methods in the fields of finance, financial accounting, managerial accounting, tax accounting and auditing. You must answer all components of all three parts of the exam. The world bank group works with governments to enhance the management of public resources in pursuit of growth, development, and poverty reduction, while aiming to strengthen transparency and accountability. This note provides a basic framework of public finance at the microeconomic level, starting from a general theory of taxation on commodity, income and corporate profits and then extending issues of tax evasion and compliance, and tax reform. Nov 23, 2015 on this page you can read or download public finance exam pdf in pdf format. Congressional research service summary many economists and policy makers believe that the u. Value added tax vat this is a sales tax based on the increase in value or price of product at each stage in its manufacture and distribution. Wicksellian and edgeworthian orientations toward public finance. In europe the first approach to the income tax appears in some of the. Taxation in ethiopia direct and indirect taxes categories of tax payers. The order provides local governments with options related to tentative and final assessment rolls and grievance day. Excise and taxation inspector dogars up to date guide pdf. Multiple choice questions write the letter corresponding to the correct answer in the space to the left of the question. In the united states, the role of the government extends from providing for national defense to providing social security and medicare to the elderly.

The first deals with broad public finance topics such as aggregate fiscal management, efficient allocation of public spending, revenue. Government needs to be accountable in its use of public money and in providing effective, efficient, and economical service delivery. Tax, public finance, ethiopian taxation, direct tax and indirect. Public finance has both normative and positive elements, and moving between theory and practice requires attention to help us understand both what policies government should adopt and whether it is likely to do so. Each subfederal government is responsible for the provision of public services at its. Introduction to taxation government plays an important role in most modern economies. Public expenditures, public revenue and particularly taxes may be considered to be the fundamental elements of public finance. Taxation in ethiopia in ethiopia a company, based on its activities may be required to pat the following taxes.

In view of this difference, it is said that in private finance the coat is cut according to the cloth available, while in public finance the opposite happensthe size of the coat is determined first and then the authorities set out to gather the necessary cloth through taxation, borrowing and deficit financing. Addis ababa university school of graduate studies the sources of the recent inflationary experience in ethiopia a thesis submitted to the school of graduate studies of addis ababa university. Public finance and taxation in ethiopia pdf in a moment of dismissive hubris, the ethiopian tax system may be. In such a desire of government in sectors financial management, internal audit plays a valuable role by providing both assurance and consulting service. A fair system of taxation based on the ability to pay approach is defined as one where the sacrifices of utility by all taxpayers are equal.

Its 14,000 members work throughout the public services, in national audit agencies, in major accountancy firms, and in other bodies where public. Lecture 3public finance in ethiopia public finance bonds. The ethiopian tax system also public finance revenue and spending activities. The goals of public finance are to recognize when, how and why the government should intervene in the current economy, and also understand the possible outcomes of making changes in the market. Public finance for a genuine federal democratic union. Several studies have appeared in recent times on the negative impact of growing debt on economic growth. As a field of systematic academic inquiry, public fi. Adam smith, cameralism, francis edgeworth, knut wicksell, choicetheoretic public finance, catallactic public finance the essays that comprise this handbook cover a wide variety of topics in the theory of public finance. So depending on what exactly you are searching, you will be able to choose ebooks. Master of science in finance, accounting and taxation. Constitution of the republic of the union of myanmar. An essay on the effects of taxation on the corporate. Capital structure and financing decisions aswath damodaran stern school of business.

Tax, public finance, ethiopian taxation, direct tax and indirect tax jel classification. In light of the statewide state of emergency related to covid19, governor cuomo has issued executive order number 202. Cipfa is the professional body for people in public finance. In its wider sense it includes all the incomes or receipts which a. The income of the government through all sources is called public income or public revenue. During this time, ethiopia has also experienced rising external debt mainly of public sector. In general the trend is to move away form a dominant public sector towards a financial structure where the role of the private sector is becoming increasingly important. Public sector management covers such aspects of management as productivity management, and management of human, financial and. Public finance for a genuine federal democratic union an introduction into public spending and taxation issues for myanmar stefan collignon scuola superiore santanna and london school of economics and political science 5. Taxation in ethiopia direct and indirect taxes categories of tax payers declaration of income and assessment of taxes tax incentives addis ababa 12005. There is, however, disagreement over why the corporate tax system needs to be reformed, and what specific policy measures should be included in a reform. Good governance in the public sector consultation draft. In the process of development, states not only increase the levels of tax ation, but also undergo pronounced changes in patterns of taxation, with increasing emphasis on broader tax bases, i. It forms the basis for policy focused analyses and sustained dialogue that facilitate close partnership and enhanced.

Get public finance exam questions and answers pdf file for free from our online library pdf file. Ethiopia public finance the ethiopian fiscal year begins 8 july, in the ethiopian month of hamle. Introduction every government need revenue to lead the economic, infrastructure, medical, transport, education, telecom, electricity, staff, research, to concession, subsidies, free facility for the unable sector community in the. Epub ebook grade 11 maths controlled test no 4 september 2016 sciences controlled test term 3 august 2016 epub. It is the branch of economics that assesses the government revenue and government expenditure of the public authorities and the adjustment of one or the other to achieve desirable effects and avoid undesirable ones. Ethiopia is the successful case of a country with similar starting conditions as myanmar that. Country financial accountability assessment ethiopia. Pdf ethiopias new financial sector and its regulation. Despite the fact that people need to pay taxes based on rationales of.

Ethiopia goe introduced vat withholding scheme in 2009. Abeje belay 2014, system of division of revenue in ethiopia, european. Exam examples in public finance department of economics. The transitional government of ethiopia issued proclamation no. The email address is not made public and will only be used if you wish to receive a new password or wish to receive certain news or notifications by email. The purview of public finance is considered to be threefold. Public finance is the term, which has traditionally been used or applied to the packages of those policy problems, which involve the use of tax. Such public goods like roads, power, municipal services, and other public infrastructures have favorable results on many families, business enterprises, industries and the general public.

Public finance is a thematic area of the governance gp. Unuwider also acknowledges the financial contributions to the research programme by. Taxes on land and property have both fiscal and nonfiscal. Public finance and taxation public finance and taxation.

All emails from the system will be sent to this address. The role of internal audit in public financial management. Oct 14, 2019 public finance can be defined as the study of government activities, which may include spending, deficits and taxation. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext. The development of public finance is connected with economic mechanisms that. Ethiopia is one of the fastest developing countries situated in the northeastern corner of africa. Expenditure revenue debt financial administration private finance is the study of the income, debt and expenditure of the individual or a private. The following notes have been prepared by someakenya team after collecting materials from major colleges and other relevant course materials these notes are good for use by students sitting for taxation subject both in diploma level and professional level. In general the trend is to move away form a dominant public sector towards a financial structure where the role of the. The structure and performance of ethiopias financial sector.

The first deals with broad public finance topics such as aggregate fiscal management, efficient allocation of public spending, revenue performance, and trends and usage of external aid. Alka, public finance and tax planning, first edition anmol publications. Taxation is important mechanism that boosts countryas economic level. The structure and performance of ethiopias financial sector 5 clearly there is evolving structural shift when deposit is observed by institutions. Get public finance exam questions and answers pdf file for free from our online library created date. Public goods are normally supplied by public agencies due to their natures of nonrivalry and nonexcludability.

Aswath damodaran 2 first principles n invest in projects that yield a return greater than the minimum acceptable hurdle rate. At the contemporary periods, ethiopiaas economic growth transformed from single to double digit. Ethiopia is a federal country with a twotiers structure of decentralized governance. Cutting of fiscal deficit through speicial financing from imf. Introduction following this brief introduction, part ii of this paper sets out briefly the rationale for taxing land and property, both as a source of local government revenue and in terms of its effects on efficient land use. Chapter two will introduce the students to the income tax in ethiopia. The easily earned income must be taxed more than the hard earned money. Ethiopian taxation system is very important for raising income of the government. Taxation refers to compulsory or coercive money collection by a levying authority, usually a government.

Deficit financing was originally advocated to deal with a situation of depression in the advanced countries. As a description of reality, this is patently untrue. Important terms derived from these three elements include deficit, public debt, budgetary policy and fiscal policy. This scheme requires selected government institutions and public enterprises to withhold 100% of the vat on their purchases and remit the amount to tax authorities within 30 days from the end of the month in which the vat was withheld. Pdf addis ababa university faculty of business and. Below you can download examples of old exams in public finance.

Theory and practice page 7 public administration is the machinery used by the service state to place itself in a position to make plans and programmes that can carried out, and to carry out the plans and programmes it has made. A guide to public financial management literature for practitioners in developing countries iii. An essay on the effects of taxation on the corporate financial policy george contos, internal revenue service the taxation of corporate profits in the united states has been one of the most widely discussed issues in the area of public finance. According to dalton, however, the term public income has two senses wide and narrow. Ethiopias public finances are under great budgetary pressure, as years of war and poverty have taken a heavy toll on the countryside, population, and infrastructure. Manual for financial management and control model is structured to establish a. Introductions to public financial management nature and scope of public finance general overview of public financial management as envisaged by the constitution responsibility of national and county treasuries overview of the public financial management act. An introduction into public finance and taxation issues for. On this page you can read or download public finance exam pdf in pdf format. The major types of taxes that exist in ethiopia, their meaning, rates and conditions, as provided by the federal inland revenue authority, are presented as follows. Ethiopia has chosen the federal structure in which a clear distinction is made between the union and state functions and sources of revenue, but residual powers, belong to the center, although the states have been assigned certain taxes, which are levied and collected by them, they also share in the revenue of certain federal taxes.