Ethio Telecom, the Commercial Bank of Ethiopia, and Ethiopian Airlines Group dominated Ethiopia's fiscal landscape in the 2025/26 fiscal year, collectively contributing 133.58 billion birr in tax revenue. This figure represents 25.6 percent of the 522.67 billion birr collected by the Ministry of Revenues' Large Taxpayers Branch Office (LTO).
Ethio Telecom led the group as the nation's largest single taxpayer, accounting for 65.84 billion birr, or 12.6 percent of the total revenue collected by the branch. The Commercial Bank of Ethiopia followed with 36.87 billion birr, while Ethiopian Airlines Group contributed 30.87 billion birr.
The LTO reported that it met 100 percent of its revenue target for the fiscal year, a significant jump from the 332.20 billion birr collected in 2024/25. The branch's performance remains critical to the national economy, as it is tasked with collecting 816.70 billion birr in the 2026/27 fiscal year, which would cover roughly 76 percent of the national domestic tax target.
The following table breaks down the revenue contributions by taxpayer category as reported for the 2025/26 fiscal year:
| Taxpayer Category |
Contribution (Billion ETB) |
Percentage of Total |
| State-Owned Enterprises |
217.87 |
42% |
| Private Companies (Other) |
104.60 |
20% |
| FDI Private Companies |
102.24 |
20% |
| Banks and Insurance |
65.37 |
12% |
| Government Institutions |
32.29 |
6% |
Why it matters for Ethiopia
The heavy reliance on a small cluster of state-owned enterprises (SOEs) highlights the concentration of Ethiopia's tax base. While the banking and insurance sector contributed 12 percent of the total revenue, the dominance of the three largest SOEs underscores their outsized role in sustaining government public spending.
For investors and market participants, the government's ambitious tax target of over 2 trillion birr for the 2026/27 fiscal year signals a continued push for rigorous tax collection and audit enforcement. With 450 tax audits completed this past year generating 48.78 billion birr, the Ministry of Revenues is maintaining a focus on closing the gap between tax assessments and actual collections to meet its future fiscal obligations.
ABAYB1502.97
AWAB2507.92
BOAX1958.75
GDAB1295
TELE521.34
WGBX1252.86
