The pending income tax treaty between Ethiopia and South Korea was signed 26 May 2016. The treaty is the first of its kind between the two countries.
Taxes Covered
The treaty covers Ethiopian tax on income and profit imposed by the Income Tax proclamation, and the tax on income from mining, petroleum, and agricultural activities. It covers Korean income tax, corporation tax, special tax for rural development, and local income tax.
Withholding Tax Rates
- Dividends - 5% if the beneficial o…