Ethiopia has collected 704.4 billion birr in tax revenue over the past six months, according to an announcement by the Government Communications Service.
The revenue was mobilized by the Ministry of Revenue during the first half of the current fiscal year 2025/26.
The ministry exceeded its target, collecting 110 percent of the planned 640.4 billion birr set for the period.
Officials said the strong performance reflects improved tax administration and growing domestic revenue mobilization efforts.
The amount collected is 63.7 billion birr higher than the revenue generated during the same period of the previous fiscal year.
Authorities described the increase as a positive sign that Ethiopia is strengthening its internal economic capacity and reducing reliance on external financing.
Of the total revenue, 362.4 billion birr was generated from domestic taxes, while more than 341.9 billion birr came from export duties and related taxes.
The government noted that the six-month performance is broadly consistent with recent annual trends, despite ongoing economic challenges.
Ethiopia achieved a historic milestone in the previous fiscal year by collecting over one trillion birr in total tax revenue for the first time.
Building on this momentum, the government has set an ambitious target of 1.5 trillion birr in tax revenue for the current fiscal year.
In related business news, authorities announced an extension to the deadline for annual business license renewals.
In Ethiopia, businesses are required to renew their licenses between July 1 and December 30 each year without incurring penalties.
The original renewal period ended yesterday, but the Addis Ababa Trade Bureau has extended the deadline by an additional 15 days to allow more businesses to comply.
According to the bureau, around 230,000 businesses have renewed their licenses since July.
The bureau stated that business license renewal services remain available online from Monday to Saturday and urged traders who have not yet renewed their licenses to take advantage of the extended period to avoid penalties and service disruptions.