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| Mistake | Consequence | | :--- | :--- | | Using 2002 Proclamation (10% on all contractor payments) | Under-withholding by 8% (since current rate is often 2%). Results in penalty of 100% of difference. | | Missing the 30-day remittance rule (old PDF said “end of year”) | Interest charged at 10% monthly. | | Ignoring exemptions for new manufacturing investors (introduced in 2016) | Over-withholding, causing cash flow problems for suppliers. |

exceeding ETB 20,000 (raised from ETB 10,000). withholding tax proclamation in ethiopia pdf best