The income tax treaty between Ethiopia and Singapore entered into force on 8 December 2017. The treaty, signed 24 August 2016, is the first of its kind between the two countries. Taxes Covered The treaty covers Ethiopian tax on income and profit, and the tax on income from mining, petroleum and agricultural activities. It covers Singapore income tax. Withholding Tax Rates Dividends - 5% Interest - 5% Royalties - 5% Note - The final protocol to the treaty clarifies that the term "royalties" does not include payments of any kind received as a consideration for the use of, or the...