Update - Tax Treaty between Cyprus and Ethiopia

The income tax treaty between Cyprus and Ethiopia was signed 30 December 2015. The treaty is the first of its kind between the two countries.

Taxes Covered

The treaty covers Cypriot income tax, corporate income tax, special contribution for the Defense of the Republic, and capital gains tax. It covers Ethiopian tax on income and profit, and tax on income from mining, petroleum and agricultural activities.

Withholding Tax Rates

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

Offshore PE

…