Parliament Ratifies Bilateral Tax Treaties

Jun 3 , 2023

Parliamentarians greenlighted a tax treaty agreement with Switzerland and Luxembourg, expanding the number of countries with bilateral tax treaties with Ethiopia to 20. Tax treaties entail the waving of taxes on passive and active incomes for citizens hailing from the signatory countries, while these uniquely grant the waiving of taxes for residents. State Minister for Finance Eyob Tekalegn attributed the trade importance of the two countries as the prime motive when it was presented before the Standing Committee of Plan, Budget & Finance. Switzerland was the number one destination for Ethiopian exports in the last fiscal year accounting for 32pc of the export volume. The Minister of Finance Ahmed Shide had indicated three weeks prior that increasing the tax-to-GDP ratio of the country is a national agenda as budgetary ceilings are circulated to most government institutions.



A street lamp around Addis Abeba Stadium melds into the concrete backdrop emblematic of the capital's ageing infrastructure. Over the past few years, Ethiopia's electric grid has been subject to destruction and theft, subjecting the public treasury to hundreds of millions in losses. Nearly half of the country's population does not have access to electricity. A series of projects by the World Bank has contributed to the slight but essential upgrade to the nation's grid, including a 500 million do...



A trio of donkeys drag along the main road in front of Menlik School around the Arat Kilo area. While the four-legged domestic animal is a venerated member of the Ethiopian labour force, its skin and meat are increasingly valued in the international markets. Rhong Chang, a donkey slaughterhouse operating in Assela Town, Oromia Regional State reopened its services after a seven-year break two years ago. Public outroar has often accompanied the entrance of donkey abattoirs into Ethiopia since anot...



A bustling market emerges under a bridge in the boroughs of the Bole Michael area. Addis Abeba City Administration has launched a series of aesthetic initiatives embalmed in themes of beautification and urbanisation that have removed thousands of shops built with makeshift tents. Above a quarter of Addis Abeba's labour force is engaged in the informal economy, which while often associated with connotations of illegality, remains a sizeable employer in emerging economies across the world. Calibra...