On 3 November 2014, officials from Ireland and Ethiopia signed an income tax treaty. The treaty is the first of its kind between the two countries and will enter into force after the ratification instruments are exchanged. Taxes Covered The treaty covers Ethiopian tax on income and profit, and the tax on income from mining, petroleum and agricultural activities. It covers Irish income tax, universal social charge, corporation tax and capital gains tax. Withholding Tax Rates Dividends - 5% Interest - 5% Royalties - 5% Capital Gains - generally exempt, except for gains from the alienation of immovable property, gains...