The income tax treaty between Ethiopia and Singapore entered into force on 8 December 2017. The treaty, signed 24 August 2016, 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%
Note - The final protocol to the treaty clarifies that the term "royal…