On 5 December 2022, the Swiss Council of States (upper house of parliament) approved the ratification of the pending income tax treaty between Ethiopia. The treaty, signed 29 July 2021, is the first of its kind between the two countries and will enter into force once the ratification instruments are exchanged. The treaty will apply in Ethiopia from 8 July next following the date of its entry into force and in Switzerland from 1 January of the year following its entry into force.