On 30 May 2023, the Ethiopian House of Peoples' Representatives approved the ratification of the pending income and capital tax treaty with Luxembourg. The treaty, signed 29 June 2021, is the first of its kind between the two countries. It will enter into force once the ratification instruments are exchanged and will apply in Ethiopia from 8 July next following the date of its entry into force and in Luxembourg from 1 January of the year following its entry into force.