Tax Treaty between Ethiopia and Singapore Signed

On 24 August 2016, officials from Ethiopia and Singapore signed an income tax treaty. The treaty is the first of its kind between the two countries.

Taxes Covered

The treaty covers Ethiopian tax on income and profit, and the tax on income from mining, petroleum and agricultural activities. It covers Singapore income tax.

Withholding Tax Rates

• Dividends - 5%
• Interest - 5%
• Royalties - 5%

Capital Gains

The following capital gains derived by a resident of one Contracting State may be ta…