Ethiopia Rated “B” by Fitch Group
Fitch Group, which is a financial information service rating company, rated Ethiopia as “B” for long term foreign and local currency Issuer Default Ratings (IDR).
Ethiopia Rates 68 Hotels in Addis Ababa
The Ministry of Culture and Tourism (MoCT) disclosed on November 06, 2015, the classification of 68 hotels in Addis Ababa, according to Fana Broadcasting Corporate.
Ethiopia Ratifies African Fee Trade Area Agreement
The Ethiopian parliament ratified the draft proclamation of African Continental Free Trade Area (ACFTA) agreement. The House of People’s Representatives (HPR) members voted unanimously in acceptance of the ACFTA agreement.
Ethiopia Ratifies Agreements Avoiding Double Taxation
The House of Peoples Representatives Ethiopia ratified a double taxation avoidance agreement reached with China, Egypt, India and Sudan.
The agreement means that business owners that are nationals of these countries or Ethiopian business people operating in their jurisdiction will not be required to pay tax on the same declared income.
Taxable gains in one country will not be taxed twice by the country in which the gains are earned and in the country of residence of the business person.
Ethiopia Ratifies Tax Treaties with Luxembourg and Switzerland
The House of People's Representatives (HPR) of Ethiopia approved a bill which ratified tax treaties with Switzerland and Luxembourg on May 30, 2023. The treaties aim to avoid double taxation and prevent tax evasion between the three countries.
