News

New Double Tax Treaty between Cyprus & Ethiopia

The Double Tax Treaty between Cyprus and the Federal Democratic Republic of Ethiopia signed on the 30th of December 2015,

The most significant provisions of the new treaty are highlighted below

  • Dividends: Withholding tax rate: 5%
  • Interest: Withholding tax rate: 5%
  •  Royalties: Withholding tax rate: 5%

Capital gains: Capital gains derived from the disposal of immovable assets are taxable only in the country they are located. Gains derived from the disposal of shares are taxable in the country where the seller resides.