Tax Treaty signed with Ethiopia

On 30 December 2015, Cyprus signed a tax treaty with Ethiopia for the avoidance of double taxation, which was published in the Official Cyprus Government Gazette on 18 January 2016.

This is the fifth tax treaty that Cyprus signed with an African country (the others being Egypt, Mauritius, Seychelles and South Africa). The signing of this treaty is a reflection of the Government’s objective to expand Cyprus’ tax treaty network within Africa.

The tax treaty is based on the OECD Model Convention for the Avoidance of Double Taxation on Income and on Capital and its main provisions are briefly outlined in the full alert.