WHEREAS, consolidating the various taxes and duties levied by different Proclamations and Regulations into a single tax facilitates execution;

WHEREAS, converting specific rates into ad valorem ensures the equitability of the tax;

WHEREAS, it is necessary to lay down procedures to protect revenue against fluctuations due to changes in prices and adjust the tax rate following market trends;

NOW, THEREFORE, in accordance with Article 55(1) of the Constitution of the Federal Democratic Republic of Ethiopia, it is hereby proclaimed as follows