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ER Tax 2024

iCalculator™ ER: Eritrea Tax Calculators

Welcome to iCalculator™ ER, your comprehensive suite of free tax calculators for Eritrea. iCalculator™ has provided free tax calculators for Eritrea since 2019. Since those early days we have extended our resources for Eritrea to includes Tax Guides, Tax Videos and enhanced the tax calculators and supporting tax information. The Eritrea Tax Calculator and salary calculators within our Eritrea tax section are based on the latest tax rates published by the Tax Administration in Eritrea. In this dedicated Tax Portal for Eritrea you can access:

Eritrea Tax Calculator 2024/25

The Eritrea Tax Calculator below is for the 2024 tax year, the calculator allows you to calculate income tax and payroll taxes and deductions in Eritrea. This includes calculations for

  1. Employees in Eritrea to calculate their annual salary after tax.
  2. Employers to calculate their cost of employment for their employees in Eritrea.
Eritrea Tax Calculator 2024
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Discover Eritrea

Eritrea is located in the Horn of Africa, bordered by Sudan to the west, Ethiopia to the south, and Djibouti to the southeast. To its east lies the vast Red Sea, which connects it to the Arabian Peninsula. Eritrea's strategic location along the Red Sea coast has historically been significant for trade and maritime navigation. Learn more about Eritrea's neighboring countries: Sudan, Ethiopia, and Djibouti.

The culture of Eritrea is diverse, reflecting a rich history influenced by various civilizations and empires. The country is home to a mosaic of ethnic groups, each with distinct languages, traditions, and customs. This cultural diversity is evident in Eritrea's music, dance, clothing, and cuisine, which draw influences from African, Arabic, and Italian heritages. Notably, the architecture in the capital, Asmara, showcases Italian colonial influence, recognized as a UNESCO World Heritage Site.

Eritrea's economy is primarily based on agriculture, which employs a significant portion of the population. The agricultural sector is centered around subsistence farming and pastoralism, with crops such as sorghum, millet, and barley being predominant. The country's long coastline offers potential for the development of the fishing industry, although this sector remains underdeveloped. Eritrea also has significant mineral resources, including gold, copper, and zinc, and the mining sector has shown potential for growth.

However, the Eritrean economy faces challenges, including limited industrial development, a lack of infrastructure, and international sanctions. The government has been making efforts to improve the economic landscape, focusing on self-reliance and sustainable development. Additionally, remittances from the Eritrean diaspora contribute notably to the country's economy. Despite these challenges, Eritrea's strategic location and natural resources present opportunities for economic growth and development in the future.

Overview of Taxation in Eritrea

The tax system in Eritrea encompasses a variety of taxes that apply to both individuals and businesses, contributing significantly to the nation's revenue. Key components of this system include personal income tax, corporate tax, and sales tax. Personal income tax in Eritrea is levied on the income of individuals, including salaries, wages, and other forms of personal earnings. Corporate tax is imposed on the profits earned by companies and businesses operating within Eritrea. Sales tax, applied to the sale of goods and services, is another vital component of the tax system.

In addition to these primary tax categories, Eritrea's tax system also includes property taxes, excise taxes, and customs duties. Property taxes are charged on the ownership of real estate within the country. Excise taxes are levied on specific goods, often luxury items or products with health implications, such as alcohol and tobacco. Customs duties are critical for Eritrea, given its strategic location and import-dependent economy, affecting goods imported into the country.

The Eritrean tax system is designed to support the country's social and economic development goals. It aims to be equitable, ensuring that the tax burden is distributed fairly across different income groups. For businesses operating in Eritrea, understanding the local tax regulations is crucial for compliance and effective financial management. To stay informed about the latest in Eritrean tax regulations, including the most current tax tools and tables, visit our comprehensive tax hub and calculator, an essential resource for navigating the complexities of taxation in Eritrea.