The income and capital tax treaty between Ethiopia and Luxembourg entered into force on 11 August 2023. The treaty, signed 29 June 2021, 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 Luxembourg income tax on individuals, corporation tax, capital tax, and communal trade tax. Withholding Tax Rates Dividends - 5% if the beneficial owner is a company directly holding at least 25% of the paying company's capital; otherwise, 10% Interest - 5%, with an...