Agreement between China and Ethiopia.pdf

1 AGREEMENT BETWEEN THE GOVERNMENT OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIAN AND THE GOVERNMENT OF THE PEOPLE’S REPUBLIC OF CHINA FOR THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME The Government of the Federal Democratic Republic of Ethiopian and the Government of the People’s Republic of China. Desiring to conclude an Agreement for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with respect to Taxes on Income (hereinafter referred to as the ‘(Agreement”). Have agreed as follows Article 1 PERSONAL SCOPE This Agreement shall apply to persons who are residents of one or both of the contracting States. Article 2 TAXES COVERED 1. This Agreement shall apply to taxes on income imposed on behalf of a Contracting State or of its local authorities, irrespective of the manner in which they are levied. 2. There shall be regarded as taxes on income all taxes imposed on total income. Or on elements of income, including taxes on gains from the alienation of movable or immovable property. 3. The existing taxes to which the Agreement shall apply are in particular. a. ) in China i) The individual income tax: ii) the enterprise income tax: (Hereinafter referred to as “income tax”) 2 b) in Ethiopian: (i) The tax on income and profit imposed by the income Proclamation No.286/2002 and (ii) The tax on income from mining. Petroleum and agricultural activities imposed by respective proclamations: (hereinafter referred to as “Ethiopian tax”) 4. The Agreement shall also apply to any identical or substantially similar taxes which are imposed after the date of signature of the Agreement in addition to or in place of the existing taxes. The competent authorities to the contracting States shall notify each other of any substantial changes which have been made in their respective taxation laws within a reasonable period of time after such changes. Art