TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Ethiopia: Double Taxation Convention

A first-time comprehensive Double Taxation Convention between the United Kingdom and the Federal Democratic Republic of Ethiopia was signed in London on 9 June 2011.

The Convention generally follows the OECD Model Double Taxation Convention. Important features include low withholding rates for dividends, interest and royalties, a “matching credit” provision for tax given up under Ethiopia's investment incentive legislation and the latest OECD Model provision on exchange of information.

The text of the new Convention is available on the HM Revenue & Customs website, at Tax Treaties – Signed/not in force and will be published as soon as it is presented to Parliament for approval. The Convention enters into force once both countries have completed their legislative procedures.