On 3 November 2014, officials from Ireland and Ethiopia signed an income tax treaty. The treaty is the first of its kind between the two countries and will enter into force after the ratification instruments are exchanged.
The treaty covers Ethiopian tax on income and profit, and the tax on income from mining, petroleum and agricultural activities. It covers Irish income tax, universal social charge, corporation tax and capital gains tax.
Both countries generally apply the credit method for the elimination of double taxation.
The treaty will enter into force once the ratification instruments are exchanged, and will apply in Ethiopia from 8 July next following the date of its entry into force and will apply in Ireland from 1 January of the year following its entry into force.
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