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EFTPS allows taxpayers to pay federal taxes 24/7. Direct Pay only allows for the payment of individual tax payments (1040 series) and estimated taxes. It does not cover business-related taxes. Through EFTPS, taxpayers can also verify the last 16 months of their tax payment history. Direct Pay does not provide a payment history feature.
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The Structure of Taxation. The Ethiopian tax system is conditioned by the nature of its federal structure - the powers to levy and collect taxes are split between the states and the federal government, and can either be shared or exclusive. The federal government exclusively conducts: import and export taxes and tariffs, income taxes on civil ...
The ministry was established under Proclamation No.916/2008 on 7 July 2008 with reorganization from the former Ministry of Capacity Building. [1] Its envisaged to observe public service and complete its mission ethically by 2020, as well as contributing economic development and social welfare by promoting modern Tax and Customs Administration.
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Taxation. An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the taxable income. Taxation rates may vary by type or characteristics of the taxpayer and the type of income.