Federal Council adopts dispatch on double taxation agreement with Ethiopia

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During its meeting on 18 March 2022, the Federal Council adopted the dispatch on the approval of a double taxation agreement (DTA) with Ethiopia.

With this DTA, Switzerland can extend its network of double taxation agreements to East Africa. The agreement will ensure legal certainty and a contractual framework that will have a beneficial impact on developing the two countries’ economic relations.

The DTA takes account of the outcomes of the OECD’s base erosion and profit shifting (BEPS) project.

The cantons and the business associations concerned have welcomed the conclusion of this DTA. The agreement still has to be approved by parliament in both countries before it can come into force.

Distributed by APO Group on behalf of Federal Department of Foreign Affairs Switzerland.

This Press Release has been issued by APO. The content is not monitored by the editorial team of African Business and not of the content has been checked or validated by our editorial teams, proof readers or fact checkers. The issuer is solely responsible for the content of this announcement.

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