Following over a year of discussions, Ethiopia and the Netherlands have signed a double taxation agreement (DTA) with the aim of boosting bilateral economic cooperation, trade and investment.
The Ethiopian Finance and Economic Development State Minister, Alemayehu Gujo, and Netherlands ambassador to Ethiopia, Hans Blankenberg, signed the agreement in Addis Ababa on August 10, 2012.
The DTA exempts individuals and businesses in the two countries from paying taxes in both countries, and is intended to enable both nations to benefit from increased capital flows, exchange of technology, and goods and services trade.
Said to be based on the Organization for Economic Cooperation and Development Model Convention, the agreement also includes provision for the exchange of tax information between the two countries, and has an arbitration clause for the resolution of disputes.
In addition, it is reported that the withholding tax payable on interest and royalties paid from one country to the other has been fixed at 5%, as has the withholding tax payable on dividends where a shareholder from one country holds more than 10% of a company in the other.
Alemayehu said the agreement would take the already close relations between the two countries to a higher level, while Blankenberg added that it would help to enhance their relationship by providing Dutch investors in Ethiopia with certainty over the tax treatment of their investments, and expressed his hope that the DTA would boost the revenues Ethiopia earns from trade and investment with the Netherlands..
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The TIEA between Jersey and Hungary will enter into force on February 13, 2015.
Treaty Update: Fiji - Sri Lanka
According to preliminary media reports, Fiji and Sri Lanka began negotiations towards a DTA on January 22, 2015.
Treaty Update: Isle of Man - Swaziland
The TIEA with Swaziland was ratified by the Isle of Man according to a Statutory Document issued by the Council of Ministers on December 12, 2014.
Treaty Update: Guernsey - Slovakia
The TIEA signed between Guernsey and Slovakia will come into force on January 26, 2015.
Treaty Update: South Africa - Grenada
South Africa signed a TIEA with Grenada on December 10, 2014.
Treaty Update: United Kingdom - Croatia
The United Kingdom and Croatia signed a DTA on January 15, 2015.
Treaty Update: Malta - Oman
According to preliminary media reports, officials from Malta and Oman have met in Malta to negotiate a DTA between the two countries.
Treaty Update: Singapore - Various
Singapore signed DTAs with France and Uruguay on January 16, 2015, and January 15, 2015, respectively.
Treaty Update: Lithuania - United Arab Emirates
The DTA and an accompanying protocol between Lithuania and the United Arab Emirates entered into force on December 19, 2014, and became effective on January 1, 2015.
Treaty Update: Portugal - Croatia
The DTA with Croatia has been ratified by Decree 6/2015 signed by the Portuguese President on January 5, 2015.
Treaty Update: South Africa - Cook Islands
The TIEA between South Africa and the Cook Islands came into force on January 8, 2015.
Treaty Update: Norway - Various
According to preliminary media reports, Norway ratified its DTA with Bulgaria and the protocol amending its DTA with Brazil on December 4, 2014.
Treaty Update: Taiwan - Ireland
According to preliminary media reports, the Taiwanese President announced that negotiations were underway towards a DTA with Ireland on January 13, 2015.
Treaty Update: Mauritius - Swaziland
Mauritius signed a renegotiated DTA with Swaziland on November 11, 2014.
Treaty Update: United Arab Emirates - Various
According to preliminary media reports, the DTA with Lithuania and the protocol amending the DTA with Greece have been ratified by Federal Decrees 127 and 130, respectively, issued by the United Arab Emirates President on January 14, 2015.
Treaty Update: Ireland - Denmark
The protocol amending the DTA between Ireland and Denmark came into effect on January 1, 2015.
Treaty Update: Isle of Man - Lesotho
The TIEA between the Isle of Man and Lesotho entered into force on January 3, 2015.
Treaty Update: United Kingdom - Iceland
The DTA between the United Kingdom and Iceland entered into force on November 10, 2014.
Treaty Update: Norway - Hong Kong
According to preliminary media reports, Norway ratified its TIEA with Hong Kong on December 15, 2014.
Treaty Update: Spain - Andorra
Spain signed a DTA with Andorra on January 8, 2015.
Treaty Update: China - France
According to preliminary media reports, the DTA between China and France came into effect on January 1, 2015.
Treaty Update: Bahrain - Pakistan
According to preliminary media reports, Bahrain and Pakistan signed a protocol to amend the 2005 DTA between the two countries on January 7, 2015.
Treaty Update: Cameroon - Morocco
The DTA with Morocco has been ratified by Decree 2014/609 issued by the Cameroonian President on December 31, 2014.
Treaty Update: Netherlands - Various
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Treaty Update: Denmark - Luxembourg
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