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Cyprus and Ethiopia Double Tax Agreement

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The Republic of Cyprus and the Federal Democratic Republic of Ethiopia signed the Agreement on the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income on 30/12/2015.

The Agreement is based on the OECD Model Convention for the Avoidance of Double Taxation on Income and aims to strengthen the trade and financial relations between the two countries as well as with other Under-Saharan countries that are a magnet for new investment as developing economies.