On 30 May 2023, the Ethiopian House of Peoples' Representatives approved the ratification of the pending income tax treaty with Switzerland. The treaty, signed 29 July 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 Switzerland from 1 January of the year following its entry into force.