Federal Council adopts dispatch on double taxation agreement with Ethiopia

✔ Fact Checked by TDPel News Desk

By Pelumi Emmanuel

Published: March 19, 2022 | 2:40 PM

During its meeting on 18 March 2022, the Federal Council adopted the dispatch on the approval of a double taxation agreement (DTA) with Ethiopia.

With this DTA, Switzerland can extend its network of double taxation agreements to East Africa. The agreement will ensure legal certainty and a contractual framework that will have a beneficial impact on developing the two countries’ economic relations.

The DTA takes account of the outcomes of the OECD’s base erosion and profit shifting (BEPS) project.

The cantons and the business associations concerned have welcomed the conclusion of this DTA. The agreement still has to be approved by parliament in both countries before it can come into force.

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About Pelumi Emmanuel

Pelumi Emmanuel is an accomplished writer and journalist with over 15 years of experience in the industry. He is a passionate and dedicated professional who is committed to producing high-quality content that informs, engages, and entertains readers. Pelumi’s love for reading and writing is evident in his work, which has been read worldwide and has garnered him a loyal following. His journalistic expertise is matched only by his natural talent for storytelling, making his articles both informative and engaging. He lives in California, USA.