The Swiss Federal Council issued a dispatch on the approval of a double taxation agreement (DTA) with Ethiopia during its meeting on March 18, 2022.
The agreement will provide legal certainty and a contractual framework that will assist the development of the two countries’ economic relations reads the statement.
The treaty is based on the OECD Model Convention for the Avoidance of Double Taxation on income and on capital and incorporates the outcomes of the OECD’s base erosion and profit shifting (BEPS) project.
Before it can enter into force, the agreement must be approved by both countries’ parliament.
The textbook definition of International double taxation refers to the levying of taxes on the same income or capital of the same taxpayer in the same period by two or more jurisdictions.
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