Tuesday, March 16, 2021

Ethio-Korea for Convention the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income Ratification Proclamation No. 1035 /2017

 Proclamation No. 1035/2017

 

A Proclamation to Ratify the convention between the government of the Federal Democratic Republic of Ethiopia and the Government of The republic of korea  for the avoidance of double taxation and the prevention of fiscal evasion wiTH  respect to taxes on income

 

WHEREAS, a Convention for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income was signed between the Government of the Federal Democratic Republic of Ethiopia and Government of the Republic of Korea on the 25th  day of May, 2016, in Addis Ababa;

 WHEREAS, the House of Peoples’ Representatives of the Federal Democratic Republic of Ethiopia has ratified the said convention at its session held on 29th  day of  June, 2017;

 NOW,THEREFORE, in accordance with Article 55 (1) and (12) of the Constitution of the Federal Democratic Republic of Ethiopia, it is hereby proclaimed as follows:


1.    Short Title

 

This Proclamation may be cited as the “Convention between the Government of the Federal Democratic Republic of Ethiopia and the Government of the Republic of Korea for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income Ratification Proclamation No. 1035 /2017”.

 

2.    Ratification of the Convention

 

The Convention between the Government of the Federal Democratic Republic of Ethiopia and the Government of the Republic of Korea for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income signed on the 25th day of May, 2016, is hereby ratified.

 

 

3.    Power of the Ministry of Finance and Economic Cooperation

The Ministry of Finance and Economic Cooperation is hereby empowered to implement the Convention in cooperation with the concerned government organs.

 

4.    Effective Date

This Proclamation shall enter into force on the date of its publication on the Federal Negarit Gazette.

 

Done at Addis Ababa, this 13th day of July, 2017.

MulatuTeshome (Dr.) 

President of the Federal Democratic Republic of Ethiopia

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