Praxima Services Includes
Full Payroll Outsourcing
Hybrid Payroll Outsource
International Payment Management
Social Security Filing
Interact with Local Authorities
Human Resources Management System
Integration with all Accounting and Third Party
Benefits of outsourcing to Praxima
Local Tax Compliance
Secure Data Transferring
Running Your Payroll
Focus on Your
In order to qualify as a tax resident in Ethiopia, an individual must live in the country for more than 183 days over a period of 12 months, continuously or intermittently.
All income generated will be taxed, unless such income is exempted. Employment income are taxed on a sliding scale ranging from 0% - 35%.
Capital gains on immovable property are taxed at 15% and gains on the sale of shares and bonds are taxed at 30%.
The following employment income will be exempted from taxes:
Pension contributions as determined under the Public Servants Pensions Proclamation or the Private Organisation Employees' Pension Proclamation
Employer contributions to retirement benefits at a maximum of 15% of the employee's monthly salary
Amounts paid by an employer toward costs of medical treatment, hardship and/or any other allowances
Transport allowance up to ETB 2200 or 25% of the employee's basic monthly salary, whichever is the lowest.
Your HRMS is Standard
PAYMENTS, REPORTING & FILING
Direct payment into employee bank accounts. Emailed password protected pay slips.
Payment of taxes, benefit providers and other creditors.
Filing of returns to the authorities.
Generation and filing of statutory reports.
General ledger and 100's of customisable reports.