Ethiopia’s parliament ratifies double taxation avoidance with four countries
Ethiopia’s House of People’s Representatives (National Parliament) in its regular meeting on Friday ratified a bill to avoid double taxation with Saudi Arabia, Portugal, and Democratic People’s Republic of Korea based on the agreement the nation earlier signed with those countries.
The elimination of double taxation helps to increase investment flow, prevent tax evasion, improve bilateral ties, among others, the parliament said in a statement.
The national parliament also endorsed another bill establishing humanitarian, technical and financial cooperation with Switzerland.
The cooperation agreement will make Ethiopia benefit in the transfer of knowledge and strengthens the economic and social relationship of the two countries, it was pointed out.
Meanwhile, the parliament in addition approved three draft bills for the establishment of a Federal Attorney General, and the transfer of answerability of the Federal Police Commission to the Prime Minister, and that of Federal Correctional Commission to the Federal Attorney General.
The endorsed proclamations are expected to enable the institutions fulfill their constitutional missions more effectively.