Sunday, August 14, 2011

Cash machine use expands across Ethiopia

Capital Ethiopia News : "VAT registered businesses in regions outside Addis Ababa are to begin using cash registration machines just as Addis has for the last three years.
According to Ethiopian Revenue and Customs Authority (ERCA) officials in Tigrai began enforcing the use of the machines early this week, while regions like Amhara, Oromia and SNNP are getting ready to begin using the system.
Teodros Tesfa, Data and Risk Management Directorate, director of ERCA, told Capital that Mekele branch of the Federal Revenue and Customs Authority and Tigrai regional state Revenue and Customs Bureau are implementing the new system because their preconditions have been finalized more quickly than other regions.
Teodros said that the first level regional Value Added Tax (VAT) registered companies have already begun using the cash register machines.
“In the long run, others will begin using the system but it takes time to implement on the regional level,” he added. "