The House of People's Representatives (HPR) of Ethiopia approved a bill which ratified tax treaties with Switzerland and Luxembourg on May 30, 2023. The treaties aim to avoid double taxation and prevent tax evasion between the three countries. Ethiopia and Luxembourg signed the Double Taxation Agreement (DTA) in June 2021 aiming to develop the economic relationship and enhance the cooperation in tax matters between the two countries. On the other hand, Ethiopia and Switzerland entered the agreement on July 29, 2021. The DTA) between Switzerland and Ethiopia marked the first time that Switzerland expanded its network of DTAs into Eastern Africa.

Source: Ethiopian News May 31, 2023 18:15 UTC