Abay Bank, MoR and INSA sign agreement on e-tax system

Addis Ababa, September 07, 2022 (FBC) – Abay Bank SC, Ministry of Revenues – Ethiopia and Information Network Security Administration (INSA) have signed a joint agreement to implement the electronic tax collection system.

The agreement was signed by the CEO of Abay Bank, Yehuala Gesese, the Minister of Revenues Aynalem Niguse, and the Director of INSA, Solomon Soka.

At the signing ceremony, Yehuala called on customers to make their tax payments through the Bank using the advanced and streamlined electronic tax collection system.

He added that Abay Bank is making a significant contribution to the Ethiopia’s economy by paying high taxes on its annual income.

Aynalem, meanwhile, said that if bank customers use the modern electronic payment system to make their tax payments, it will benefit them because it is fast, reliable and time-saving.

Solomon Soka, on his part, stated that INSA is fulfilling its national responsibility and working with the Ministry of Revenues and domestic banks to streamline the tax payment system by providing reliable cyber protection.

Abay Bank has already been providing reliable and efficient services to its customers by implementing digital banking services such as public transport payment, plane ticket payment, tele-money and other modern methods.