The tax treaty between Ethiopia and Seychelles was signed 14 July 2012. The agreement is the first of its kind between the two countries, and has not yet entered into force. Taxes Covered The treaty covers Ethiopian tax on income and profits, and the tax on income from mining, petroleum and agricultural activities. It covers Seychelles business tax, income and non-monetary benefits tax, and petroleum income tax. Withholding Tax Rates Dividends - 5% Interest - 5% Royalties - 5% Technical Fees The treaty includes the provision that technical fees will be subject to withholding tax at a rate of up...